REVENUES
& EXPENDITURES FOR THE YEARS ENDING JUNE 30, 2009 - JUNE 30, 2011
Data derived from NCVMB Annual Audits
|
| |
Proprietary Enterprise Fund |
Proprietary Enterprise Fund |
Proprietary Enterprise Fund |
-
Proprietary Enterprise Fund |
-
Proprietary Enterprise Fund |
| OPERATING REVENUES: |
| License and renewal fees (including
late fees) |
$ 681,575 |
$ 698,900 |
$ 721,025 |
|
|
| Examination fees |
123,830 |
42,120 |
50,000 |
|
|
| Hospital inspection fees |
41,325 |
39,075 |
45,900 |
|
|
| Reinstatement fees |
825 |
1,325 |
1,225 |
|
|
| Temporary permits |
3,540 |
3,390 |
4,410 |
|
|
| Service verifications |
3,125 |
2,850 |
2,940 |
|
|
| Corporate registration and application
fees |
8,250 |
8,700 |
6,300 |
|
|
Miscellaneous income
Total operating revenues |
5,537
$ 868,007 |
9,625
$ 805,985 |
4,108
$ 835,908 |
|
|
| OPERATING EXPENSES: |
Salaries - staff
(including accumulated leave) |
$ 149,937 |
$ 176,455 |
$ 177,745 |
|
|
Salaries - inspections
(including accumulated leave) |
33,290 |
33,812 |
44,766 |
|
|
Salaries - investigations
(including accumulated leave) |
53,581 |
57,667 |
58,453 |
|
|
| Payroll taxes |
18,116 |
20,497 |
21,294 |
|
|
| Retirement contributions * |
11,142 |
11,077 |
12,179 |
|
|
| Employee insurance |
19,534 |
27,533 |
36,095 |
|
|
Board members and meeting expenses
(including hearing expenses) |
22,762 |
22,233 |
20,755 |
|
|
| Travel - staff |
2,142 |
7,147 |
3,319 |
|
|
| Travel - investigations |
35,940 |
31,283 |
30,736 |
|
|
| Travel - hospital inspections |
18,626 |
17,646 |
17,965 |
|
|
| Telephone |
7,500 |
10,041 |
12,125 |
|
|
| Building operating expenses |
13,583 |
16,866 |
20,819 |
|
|
| Depreciation |
29,131 |
35,599 |
41,060 |
|
|
| Examination expenses |
61,320 |
4,600 |
- |
|
|
| Impairment fund expenses |
67,500 |
67,500 |
67,500 |
|
|
| Office equipment rental and maintenance
expenses ** |
13,814 |
13,279 |
14,568 |
|
|
| Office and computer supplies |
10,959 |
11,052 |
13,626 |
|
|
| Online Processing fees |
- |
17,293 |
18,109 |
|
|
| Printing |
5,077 |
2,635 |
4,282 |
|
|
| Postage and shipping |
11,419 |
6,741 |
10,643 |
|
|
| Insurance and bonding |
11,331 |
11,587 |
10.906 |
|
|
| Dues and subscriptions |
500 |
500 |
500 |
|
|
| Legal, audit and other professional
fees |
271,826 |
250,857 |
354,079 |
|
|
Miscellaneous expenses
Total operating expenses |
2,842
$ 871,872 |
2,474
$ 856,374 |
5,091
$ 996,815 |
|
|
Operating income |
$ (3,865) |
$ (50,389) |
$ (160,907) |
|
|
| NON-OPERATING REVENUES
(EXPENSES) |
| Gain (loss) on disposition of capital
assets |
- |
|
|
|
|
Interest income
Total non-operating revenues |
21,632
$ 21,632 |
14,512
$ 14,512 |
9,096
$ 9,096 |
|
|
Change in net assets |
$ 17,767
|
$ (35,877)
|
$ (151,811)
|
|
|
Net assets - beginning of year
|
1,000,007
|
1,017,844
|
981,967
|
|
|
| Net assets - end of year |
$ 1,017,844 |
$ 981,967 |
$ 830,156 |
|
|
2010/2011 - Note 2 - Deposits and Investments (Continued)
Investments
At June 30, 2011 and 2010, the Board had the following investments and maturities.
| |
June 30, 2011
|
June 30, 2010
|
| Investment Type |
Fair Value |
6 - 12 Months |
Fair Value |
6 - 12 Months |
| |
|
|
| Certificate of Deposit |
$100,000 |
$100,000 |
$100,000 |
$100,000 |
| Certificate of Deposit |
$100,000 |
$100,000 |
$100,000 |
$100,000 |
| Certificate of Deposit |
$100,000 |
$100,000 |
$100.000 |
$100,000 |
| |
|
|
| Total |
$300,000 |
$300,000 |
$300,000 |
$300,000 |
| |
|
|
2009/2010 - Note 2 - Deposits and Investments (Continued)
Investments
At June 30, 2010 and 2009, the Board had the following investments and maturities.
| |
June 30, 2010
|
June 30, 2009
|
| Investment Type |
Fair Value |
6 - 12 Months |
Fair Value |
6 - 12 Months |
| |
|
|
| Certificate of Deposit |
$100,000 |
$100,000 |
$100,000 |
$100,000 |
| Certificate of Deposit |
$100,000 |
$100,000 |
$100,000 |
$100,000 |
| Certificate of Deposit |
$100,000 |
$100,000 |
$100.000 |
$100,000 |
| |
|
|
| Total |
$300,000 |
$300,000 |
$300,000 |
$300,000 |
| |
|
|
2008/2009 - Note 2 - Deposits and Investments (Continued)
Investments
At June 30, 2009 and 2008, the Board had the following investments and maturities.
| |
June 30, 2009
|
June 30, 2008
|
| Investment Type |
Fair Value |
6 - 12 Months |
Fair Value |
6 - 12 Months |
| |
|
|
| Certificate of Deposit |
$100,000 |
$100,000 |
$100,000 |
$100,000 |
| Certificate of Deposit |
$100,000 |
$100,000 |
$100,000 |
$100,000 |
| Certificate of Deposit |
$100,000 |
$100,000 |
|
|
| |
|
|
| Total |
$300,000 |
$300,000 |
$200,000 |
$200,000 |
| |
|
|
* 2010/2011 - Note 6- Pension Plan and Postemployment Benefits
other Than Pensions
Simplified Employee Pension Plan
On April 14, 1997, the Board entered into a Simplified
Employee Pension plan agreement on behalf of employees
of the Board. The Board's payroll for employees covered
by the plan for the year ended June 30, 2011 was $243,580;
the Board's total payroll was $280,964. The Board's
covered payroll for the year ended June 30, 2010 was
$221,540; total payroll was $267,934. The Board's
covered payroll for the year ended June 30, 2009 was
$222,840; total payroll was $236,808. The Board's
pension contribution amounted to $112,179 for 2011,
$11,077 for 2010 and $11,142 for 2009. The Board assumes
no liability for retiree benefits provided by this
program other than its required contributions. The
Board has no postemployment benefits other than this
defined contribution retirement plan.
* 2009/2010 - Note 6- Pension Plan and Postemployment Benefits
other Than Pensions
Simplified Employee Pension Plan
On April 14, 1997, the Board entered into a Simplified
Employee Pension plan agreement on behalf of employees
of the Board. The Board's payroll for employees covered
by the plan for the year ended June 30, 2010 was $221,540;
the Board's total payroll was $267,934. The Board's
covered payroll for the year ended June 30, 2009 was
$222,840; total payroll was $236,808. The Board's
covered payroll for the year ended June 30, 2008 was
$200,180; total payroll was $208,771. The Board's
pension contribution amounted to $11,077 for 2010,
$11,142 for 2009 and $10,009 for 2008. The Board assumes
no liability for retiree benefits provided by this
program other than its required contributions. The
Board has no postemployment benefits other than this
defined contribution retirement plan.
* 2008/2009 - Note 6- Pension Plan and Postemployment Benefits
other Than Pensions
Simplified Employee Pension Plan
On April 14, 1997, the Board entered into a Simplified
Employee Pension plan agreement on behalf of employees
of the Board. The Board's payroll for employees covered
by the plan for the year ended June 30, 2009 was $222,840;
the Board's total payroll was $236,808. The Board's
covered payroll for the year ended June 30, 2008 was
$200,180; total payroll was $208,771. The Board's
covered payroll for the year ended June 30, 2007 was
$175,920; total payroll was $211,366. The Board's
pension contribution amounted to $11,142 for 2009,
$10,009 for 2008 and $8,796 for 2007. The Board assumes
no liability for retiree benefits provided by this
program other than its required contributions. The
Board has no postemployment benefits other than this
defined contribution retirement plan.
** 2010/2011 - Note 5- Operating Leases
The Board
leased office equipment under an operating lease.
The total rent expense charged to operations under
the lease agreement was $1,726 for 2011 and $1,047 in 2010.
Rental commitments under noncancellable operating
leases at June 30, 2009 are as follows:
| Year Ending June
30, |
| 2012 |
$ 2,465 |
| 2013 |
2,689 |
| 2014 |
2,689 |
| 2015 |
2,689 |
| 2016 |
1,569
|
| |
$ 12,101 |
** 2009/2010 - Note 5- Operating Leases
The Board
leased office equipment under an operating lease.
The total rent expense charged to operations under
the lease agreement was $1,047 for 2010 and $2,075 in 2009.
There were no rental commitments under noncancellable operating
leases at June 30, 2010.
** 2008/2009 - Note 5- Operating Leases
The Board
leased office equipment under an operating lease.
The total rent expense charged to operations under
the lease agreement was $2,075 for 2009 and $2,075 in 2008.
Rental commitments under noncancellable operating
leases at June 30, 2009 are as follows:
| Year Ending June
30, |
| 2010 |
$ 1,556
|
| |
$ 1,556 |
*** 2008/2009 - Note 9 - Restatement of Beginning Net Assets
In connection with the implementation of GASB 34, the Board has changed
from reporting its operating fund on a special revenue fund basis (modified
accrual method) in 2002, to an enterprise fund basis (accrual method)
for 2004 and 2003 (restated for 2003 herein). Further the Board has changed
from reporting its construction fund on a capital project fund basis in
2002, to an enterprise fund basis for 2004 and 2003 (restated for 2003
herein). No adjustment to the beginning net assets was required for the
capital project fund change in reporting format
Special Revenue Fund Balance
at
June 30, 2002, as previously reported |
$
557,115 |
| Recording capital assets,
net of depreciation |
15,866 |
| Recording accrued vacation
pay |
(13,159)
|
| Net Assets at June 30, 2002,
as restated |
$
559,822 |
|
REVENUES
& EXPENDITURES FOR THE YEARS ENDING JUNE 30, 2004 - 2008
Data derived from NCVMB Annual Audits
|
| |
Proprietary Enterprise Fund |
Proprietary Enterprise Fund |
Proprietary Enterprise Fund |
Proprietary Enterprise Fund |
Proprietary Enterprise Fund |
| OPERATING REVENUES: |
| License and renewal fees (including
late fees) |
$ 509,780 |
$ 518,900 |
$ 538,645 |
$ 597,850 |
$ 650,850 |
| Examination fees |
83,275 |
88,300 |
102,725 |
119,205 |
102,840 |
| Hospital inspection fees |
44,175 |
39,150 |
42,150 |
41,550 |
41,625 |
| Reinstatement fees |
900 |
525 |
700 |
725 |
725 |
| Temporary permits |
1,550 |
1,425 |
1,150 |
1,750 |
2,440 |
| Service verifications |
1,930 |
1,990 |
2,330 |
2,790 |
2,610 |
| Corporate registration and application
fees |
2,600 |
3,650 |
2,600 |
4,300 |
9,000 |
| Recovery of costs awarded |
6,750 |
350 |
- |
200 |
- |
Miscellaneous income
Total operating revenues |
2,123
$ 653,083 |
3,176
$ 657,466 |
4,758
$ 695,058 |
3,974
$ 772,344 |
3,508
$ 813,633 |
| OPERATING EXPENSES: |
Salaries - staff
(including accumulated leave) |
$ 111,598 |
$ 134,586 |
$ 137,814 |
$ 132,720 |
$ 127,101 |
Salaries - inspections
(including accumulated leave) |
31,973 |
25,561 |
29,422 |
30,455 |
32,476 |
Salaries - investigations
(including accumulated leave) |
43,671 |
47,259 |
49,364 |
48,191 |
49,194 |
| Payroll taxes |
14,324 |
16,236 |
16,570 |
16,169 |
15,971 |
| Retirement contributions * |
7,259 |
9,852 |
9,452 |
8,796 |
10,000 |
| Employee insurance |
9,593 |
16,593 |
14,559 |
12,739 |
14,959 |
Board members and meeting expenses
(including hearing expenses) |
27,955 |
23,526 |
16,072 |
23,512 |
15,226 |
| Travel - staff |
1,792 |
1,186 |
532 |
1,224 |
1,385 |
| Travel - investigations |
19,283 |
17,776 |
20,885 |
23,571 |
24,099 |
| Travel - hospital inspections |
13,709 |
13,218 |
15,679 |
16,602 |
15,314 |
| Investigation expenses |
1,796 |
1,363 |
334 |
195 |
- |
| Telephone |
8,344 |
6,455 |
6,295 |
6,410 |
6,611 |
| Building operating expenses |
9,441 |
13,313 |
13,767 |
15,075 |
12,196 |
| Depreciation |
7,571 |
20,323 |
22,212 |
24,392 |
25,914 |
| Examination expenses |
37,900 |
53,400 |
53,638 |
60,903 |
55,213 |
| Impairment fund expenses |
37,500 |
75,000 |
71,250 |
67,500 |
67,500 |
| Office equipment rental and maintenance
expenses ** |
3,074 |
2,775 |
2,427 |
3,877 |
5,449 |
| Office and computer supplies |
5,350 |
7,582 |
8,559 |
7,009 |
8,924 |
| Printing |
5,254 |
4,673 |
4,249 |
8,199 |
4,877 |
| Postage and shipping |
9,329 |
9,873 |
8,708 |
10,337 |
9,757 |
| Insurance and bonding |
14,122 |
13,651 |
13,931 |
12,549 |
13,012 |
| Dues and subscriptions |
500 |
500 |
500 |
500 |
500 |
| Legal, audit and other professional
fees |
106,482 |
131,330 |
127,419 |
220,945 |
195,076 |
Miscellaneous expenses
Total operating expenses |
465
$ 528,275 |
270
$ 624,291 |
320
$ 643,968 |
781
$ 752,651 |
1,260
$ 712,023 |
Operating income |
$ 124,808 |
$ 11,175 |
$ 51,090 |
$ 19,693 |
$ 101,610 |
| NON-OPERATING REVENUES
(EXPENSES) |
| Gain (loss) on disposition of capital
assets |
- |
- |
$ 36 |
$ 14 |
$ - |
Interest income
Total non-operating revenues |
5,081
$ 5,081 |
6,748
$ 6,748 |
14,661
$ 14,697 |
23,319
$ 23,333 |
25,069
$ 25,069 |
Change in net assets |
$ 129,889
|
$ 17,923
|
$ 65,787
|
$ 43,026
|
126,679
|
Net assets - beginning of year ***
|
661,773
|
746,662
|
764,585
|
830,372
|
873, 398
|
| Net assets - end of year |
$ 746,662 |
$ 764,585 |
$ 830,372 |
$ 873,398 |
$ 1,000,077 |
*2003/2004 - Note 6 - Pension Plan and Postemployment Benefits other
Than Pensions
Simplified Employee Pension Plan
On April 14, 1997, the Board entered into a Simplified Employee Pension
plan agreement on behalf of employees of the Board. The Board's payroll
for employees covered by the plan for the year ended June 30, 2004 was
$145,180; the Board's total payroll was 187,242. The Board's covered payroll
for the year ended June 30, 2003 was $120,580; total payroll was $161,765.
The Board's covered payroll for the year ended June 30, 2002 was $94,740;
total payroll was $149,655. The Board's pension contribution amounted
to $7,259 for 2004, $6,029 for 2003 and $4,737 for 2002. The Board assumes
no liability for retiree benefits provided by this program other than
its required contributions. The Board has no postemployment benefits other
than pensions.
*2004/2005 - Note 5- Pension Plan and Postemployment Benefits other
Than Pensions
Simplified Employee Pension Plan
On April 14, 1997, the Board entered into a Simplified Employee Pension
plan agreement on behalf of employees of the Board. The Board's payroll
for employees covered by the plan for the year ended June 30, 2005 was
$197,040; the Board's total payroll was $207,406. The Board's covered
payroll for the year ended June 30, 2004 was $145,180; total payroll was
$187,242. The Board's covered payroll for the year ended June 30, 2003
was $120,580; total payroll was $1161,756. The Board's pension contribution
amounted to $9,852 for 2005, $7,259 for 2004 and $6,029 for 2003. The
Board assumes no liability for retiree benefits provided by this program
other than its required contributions. The Board has no postemployment
benefits other than pensions.
*2006/2007 - Note 5 - Pension Plan and Postemployment Benefits other
Than Pensions
Simplified Employee Pension Plan
On April 14, 1997, the Board entered into a Simplified Employee Pension
plan agreement on behalf of employees of the Board. The Board's payroll
for employees covered by the plan for the year ended June 30, 2007 was
$179,920; the Board's total payroll was 211,366. The Board's covered payroll
for the year ended June 30, 2006 was $189,040; total payroll was $216,600.
The Board's covered payroll for the year ended June 30, 2005 was $197,040;
total payroll was $207,406. The Board's pension contribution amounted
to $8,796 for 2007, $9,452 for 2006 and $9,852 for 2005. The Board assumes
no liability for retiree benefits provided by this program other than
its required contributions. The Board has no postemployment benefits other
than pensions.
*2007/2008 - Note 6 - Pension Plan and Postemployment Benefits other
Than Pensions
Simplified Employee Pension Plan
On April 14, 1997, the Board entered into a Simplified Employee
Pension plan agreement on behalf of employees of the Board. The Board's
payroll for employees covered by the plan for the year ended June 30,
2008 was $200,180; the Board's total payroll was $208,771. The Board's
covered payroll for the year ended June 30, 2007 was $175,920; total payroll
was $211,366. The Board's covered payroll for the year ended June 30,
2006 was $189,040; total payroll was $216,600. The Board's pension contribution
amounted to $10,009 for 2008, $8,796 for 2007 and $9,452 for 2006. The
Board assumes no liability for retiree benefits provided by this program
other than its required contributions. The Board has no postemployment
benefits other than this defined contribution retirement plan.
** 2007/2008 - Note 5- Operating Leases
Beginning in the year ended June 30, 2008, the Board leased office
equipment under an operating lease. The total rent expense charged to
operations under the lease agreement was $2,075 for 2008.
Rental commitments under noncancellable operating leases at June 30,
2008 are as follows:
| Year Ending June 30, |
| 2009 |
$ 2,075 |
| 2010 |
1,556
|
| |
$ 3,631 |
*** 2003/2004 - Note 9 - Restatement of Beginning Net Assets
In connection with the implementation of GASB 34, the Board has changed
from reporting its operating fund on a special revenue fund basis (modified
accrual method) in 2002, to an enterprise fund basis (accrual method)
for 2004 and 2003 (restated for 2003 herein). Further the Board has changed
from reporting its construction fund on a capital project fund basis in
2002, to an enterprise fund basis for 2004 and 2003 (restated for 2003
herein). No adjustment to the beginning net assets was required for the
capital project fund change in reporting format
Special Revenue Fund Balance
at
June 30, 2002, as previously reported |
$
557,115 |
| Recording capital assets,
net of depreciation |
15,866 |
| Recording accrued vacation
pay |
(13,159)
|
| Net Assets at June 30, 2002,
as restated |
$
559,822 |
|
REVENUES
& EXPENDITURES FOR THE YEARS ENDING JUNE 30, 1999 - 2003
Data derived from NCVMB Annual Audits
|
|
REVENUES 1999-2003
|
|
1999
|
2000
|
2001
|
2002
|
2003
|
License and renewal fees
$237,713
|
License and renewal fees
$238,285
|
License and renewal fees
$249,388
|
License and renewal fees
$253,490
|
License and renewal fees
$380,725
|
Examination fees
$76,510
|
Examination fees
$73,375
|
Examination fees
$71,145
|
Examination fees
$88,860
|
Examination fees
$76,090
|
Interest, dividend & investment income
$1,350
|
Interest, dividend & investment income
$28,356
|
Interest, dividend & investment income
$36,950
|
Hospital inspection fees
$36,075
|
Hospital inspection fees
$27,225
|
Hospital inspection fees
$20,775
|
Hospital inspection fees
$27,375
|
Hospital inspection fees
$20,400
|
Interest, dividend & investment income
$28,185
|
Interest income
$12,634
|
Consent Order Income
$2,000
|
Corporate application & registration fees
$1,830
|
Consent Order Income
$4,000
|
Service verification
$2,325
|
Recovery of costs awarded
$3,450
|
Temporary permits
$1,875
|
Miscellaneous income
$1,784
|
Corporate application & registration fees
$2,290
|
Corporate application & registration fees
$2,155
|
Corporate application & registration fees
$2,550
|
Service verification
$1,765
|
Temporary permits
$1,725
|
Service verification
$1,550
|
Miscellaneous income
$1,868
|
Service verification
$2,190
|
Corporate application & registration fees
$1,650
|
Service verification
$1,720
|
Miscellaneous income
$1,506
|
Consent Order Income
$1,600
|
Temporary permits
$1,600
|
Miscellaneous income
$1,350
|
Reinstatement fees & penalties
$250
|
Temporary permits
$1,450
|
Temporary permits
$1,375
|
Miscellaneous income
$890
|
Reinstatement fees & penalties
$575
|
Consent Order Income
$0
|
Reinstatement fees & penalties
$550
|
Reinstatement fees & penalties
$475
|
Reinstatement fees
$575
|
|
EXPENDITURES 1999-2003
|
|
1999
|
2000
|
2001
|
2002
|
2003
|
Salaries
$104,032
|
Salaries
$115,078
|
Salaries
$98,864
|
Salaries
$147,192
|
Capital asset acquisition - land and construction in progress
$642,094
(Capital Project Fund)
|
Legal, accounting & audit fees
$75,666
|
Legal, accounting & audit fees
$62,620
|
Legal, accounting & audit fees
$92,799
|
Legal, accounting & audit fees
$83,752
|
Legal, accounting & audit fees
$110,605
|
Examination expense
$36,121
|
Examination expense
$41,231
|
Examination expense
$31,550
|
Examination expense
$41,676
|
Salaries - staff
$96,608
|
Board members & meeting expenses
$17,819
|
Board members & meeting expenses
$20,848
|
Board members & meeting expenses
$26,421
|
Board members & meeting expenses
$23,878
|
Salaries - investigations
$41,000
|
|
Office rent $11,990
|
Office rent
$13,182
|
Office rent
$14,850
|
Investigations
$15,561
|
Examination expenses
$39,975
|
Fixed asset purchases
$9,492
|
Hospital inspections - travel
$9,348
|
Hospital inspections - travel
$7,835
|
Office rent $14,850
|
Travel - Investigations
$23,499
|
|
Payroll Taxes $7,955
|
Payroll Taxes $8,739
|
Postage & shipping
$7,775
|
Hospital inspections - travel
$12,666
|
Salaries - inspections
$18,437
|
Postage
$7,161
|
Fixed asset purchases
$7,349
|
Payroll Taxes
$7,563
|
Payroll Taxes
$11,260
|
Board members & meeting expenses
$16,256
|
Hospital inspections - travel
$6,706
|
Postage
$7,258
|
Employee insurance
$5,720
|
Capital asset purchases
$9,598
|
Office rent
$15,079
|
Hospital insurance
$5,172
|
Hospital insurance
$7,162
|
Insurance and Bonding
$5,442
|
Postage & shipping
$9,477
|
Payroll Taxes
$11,937
|
Office supplies & computer costs
$4,733
|
Insurance and Bonding
$4,933
|
Telephone
$3,676
|
Employee insurance
$7,772
|
Bonding and Insurance
$11,623
|
Insurance and Bonding
$4,551
|
Retirement
$4,274
|
Capital asset purchases
$3,334
|
Printing
$6,589
|
Postage & shipping
$8,729
|
Retirement
$3,922
|
Office supplies & computer costs
$3,765
|
Retirement contributions
$3,296
|
Insurance and Bonding
$6,453
|
Travel - Hospital Inspections
$7,696
|
Printing
$3,601
|
Printing
$3,402
|
Printing
$3,145
|
Telephone
$4,786
|
Capital asset acquisitions - furniture and office equipment
$7,300-
|
Telephone
$3,008
|
Telephone
$3,250
|
Office & computer supplies
$3,071
|
Office & computer supplies
$4,386
|
Employee insurance
$7,255
|
Equipment rental & maintenance
$2,994
|
Equipment rental & maintenance
$3,072
|
Equipment rental & maintenance
$3,058
|
Retirement contributions
$4,153
|
Telephone
$6,763
|
Travel - Staff
$1,518
|
Travel - Staff
$1,323
|
Investigations
$2,546
|
Equipment rental & maintenance
$3,3,29
|
Retirement contributions
$5,744
|
Building maintenance
$1,200
|
Investigations
$1,053
|
Travel - Staff
$2,524
|
Other contracted services
$3,000
|
Office equipment rental & maintenance
$3,351
|
Investigations
$721
|
Miscellaneous
$937
|
Dues and subscriptions
$875
|
Miscellaneous
$2,162
|
Building operating expenses
$3,920
|
Miscellaneous
$680
|
Building maintenance
$700
|
Temporary services
$611
|
Travel - Staff
$1,142
|
Investigation expenses
$3,601
|
Dues and subscriptions
$525
|
Dues and subscriptions
$525
|
-
|
Dues and subscriptions
$700
|
Office & computer supplies
$3,351
|
Temporary services
$288
|
Temporary services
$300
|
-
|
Temporary services
$121
|
Travel - Staff
$2,901
|
|
-
|
-
|
-
|
-
|
Printing
$2,563
|
|
-
|
-
|
-
|
-
|
Miscellaneous
$596
|
|
-
|
-
|
-
|
-
|
Dues and subscriptions
$500
|
|
TOTALS 1999-2003
|
|
1999
|
2000
|
2001
|
2002
|
2003
|
Total revenues
$370,189
|
Total revenues
$374,700
|
Total revenues
$388,869
|
Total revenues
$416,408
|
Total revenues
$507,929
|
Total expenditures
$309,855
|
Total expenditures
$320,350
|
Total expenditures
$325,214
|
Total expenditures
$414,498
|
Total expenditures
$446,260
|
Excess of Revenues Over (Under) Expenditures
$60,334
|
Excess of Revenues Over (Under) Expenditures
$54,350
|
Excess of Revenues Over (Under) Expenditures
$63,655
|
Excess of Revenues Over (Under) Expenditures
$1,910
|
Excess of Revenues Over (Under) Expenditures
$61,669
|
|
-
|
-
|
-
|
-
|
Other Financing Sources (Uses):
Transfer In
($624,094)
Transfer Out ($624,094)
|
|
-
|
-
|
-
|
-
|
Net Changes in Fund Balances
($562,425)
|
Fund Balances, Beginning of year
$486,706
|
Fund Balances,
Beginning of year
$547,040
|
Fund Balances,
Beginning of year
$601,390
|
Fund Balances,
Beginning of year
$550,662
|
Fund Balances,
Beginning of year
$552,572
|
|
-
|
-
|
`Restatement of Beginning Fund Balance
($114,383)
|
-
|
-
|
|
-
|
-
|
Adjusted Fund Balance, Beginning of Year
$487,007
|
Adjusted Fund Balance, Beginning of Year
$550,662
|
-
|
Fund Balances,
End of year
$547,040
|
Fund Balances,
End of year
$601,390
|
Fund Balances,
End of year
$550,662
|
Fund Balances,
End of year
$552,752
|
Fund Balances,
End of year
($9,853)
Note 7: FUND BALANCES (DEFICIT)
At June 30, 2003, the Board had a fund deficit of $9,853. This deficit
resulted from expending deferred revenues collected in advance. |
REVENUES
& EXPENDITURES FOR THE YEARS ENDING JUNE 30, 1994 - 1998
Data derived from NCVMB Annual Audits
|
|
REVENUES 1994-1998
|
|
1994
|
1995
|
1996
|
1997
|
1998
|
License and renewal fees
$133,360
|
License and renewal fees
$138,850
|
License and renewal fees
$145,195
|
License and renewal fees
$220,695
|
License and renewal fees
$229,800
|
Examination fees
$49,945
|
Examination fees
$50,855
|
Examination fees
$59,615
|
Examination fees
$69,850
|
Examination fees
$77,985
|
Hospital inspection fees
$13,800
|
Interest, dividend & investment income
$13,560
|
Hospital inspection fees
$13,950
|
Hospital inspection fees
$23,950
|
Interest, dividend & investment income
$23,252
|
Interest, dividend & investment income
$7,167
|
Hospital inspection fees
$10,600
|
Interest, dividend & investment income
$13,635
|
Interest, dividend & investment income
$15,744
|
Hospital inspection fees
$18,075
|
Reinstatement fees & penalties
$4,010
|
Reinstatement fees & penalties
$1,635
|
Service verification
$1,420
|
Consent Order Income
$2,000
|
Corporate application & registration fees
$2,100
|
Temporary permits
$1,595
|
Service verification
$1,400
|
Corporate application & registration fees
$1,100
|
Service verification
$1,740
|
Miscellaneous income
$1,864
|
Service verification
$1,555
|
Temporary permits
$1,075
|
Temporary permits
$950
|
Corporate application & registration fees
$1,550
|
Temporary permits
$1,625
|
Corporate application & registration fees
$1,500
|
Corporate application & registration fees
$1,000
|
Reinstatement fees & penalties
$735
|
Temporary permits
$1,350
|
Service verification
$1,560
|
Miscellaneous income
$1,262
|
Miscellaneous income
$923
|
Miscellaneous income
$120
|
Reinstatement fees & penalties
$725
|
Reinstatement fees & penalties
$500
|
Consent Order Income
$0
|
Consent Order Income
$0
|
Consent Order Income
$0
|
Miscellaneous income
$315
|
Consent Order Income
$0
|
|
EXPENDITURES 1994-1998
|
|
1994
|
1995
|
1996
|
1997
|
1998
|
Salaries
$56,513
|
Salaries
$73,019
|
Salaries
$62,282
|
Salaries
$72,573
|
Salaries
$92,395
|
Legal, accounting & audit fees
$41,902
|
Legal, accounting & audit fees
$44,799
|
Legal, accounting & audit fees
$46,315
|
Legal, accounting & audit fees
$35,887
|
Legal, accounting & audit fees
$54,098
|
Examination expense
$19.991
|
Examination expense
$19,646
|
Examination expense
$32,623
|
Examination expense
$29,118
|
Examination expense
$40,290
|
Board members expense
$18,086
|
Board members & meeting expenses
$16,327
|
Board members expense
$20,053
|
Office rent
$11,990
|
Board members expense
$19,221
|
Hospital inspections
$16,713
|
Office rent
$11,000
|
Office rent
$11,330
|
Postage
$11,776I
|
Office rent
$11,990
|
Fixed asset purchases
$11,285
|
Fixed asset purchases
$7,509
|
Fixed asset purchases
$7,513
|
Printing
$11,256
|
Fixed asset purchases
$8,732
|
Office rent
$11,000
|
Hospital inspections
$6,893
|
Temporary services
$6,325
|
Hospital inspections - travel
$8,961
|
Postage
$6,333
|
Office expense
$6,654
|
Postage
$6,194
|
Hospital inspections - travel
$5,921
|
Temporary services
$8,461
|
Hospital inspections - travel
$6,700
|
Postage
$6,644
|
Office expense
$5,090
|
Postage
$5,172
|
Board members expense
$7,378
|
Payroll Taxes
$5,810
|
Payroll taxes
$4,323
|
Payroll taxes
$4,902
|
Investigations
$4,993
|
Payroll Taxes
$6,015
|
Office supplies & computer costs
$4,887
|
Travel - Staff
$1,972
|
Equipment rental & maintenance
$1,309
|
Office supplies & computer costs
$4,249
|
Retirement
$5,688
|
Insurance and Bonding
$4,286
|
Telephone
$1,633
|
Telephone
$1,292
|
Payroll Taxes
$4,112
|
Telephone
$3,034
|
Printing
$3,376
|
Equipment rental & maintenance
$1,047
|
Travel - Staff
$1,285
|
Telephone
$2,226
|
Office supplies & computer costs
$2,218
|
Hospital insurance
$3,278
|
Miscellaneous
$49
|
Miscellaneous
$470
|
Printing
$2,050
|
Travel - Staff
$1,612
|
Telephone
$3,013
|
|
-
|
-
|
Equipment rental & maintenance
$761
|
Building maintenance
$1,200
|
Retirement
$2,840
|
|
-
|
-
|
Dues and subscriptions
$525
|
Fixed asset purchases
$1,108
|
Equipment rental & maintenance
$1,738
|
|
-
|
-
|
Building maintenance
$400
|
Equipment rental & maintenance
$1,040
|
Travel - Staff
$1,670
|
|
-
|
-
|
Travel - Staff
$266
|
Hospital insurance
$767
|
Building maintenance
$1,200
|
|
-
|
-
|
Insurance and Bonding
$194
|
Dues and subscriptions
$525
|
Dues and subscriptions
$525
|
|
-
|
-
|
Miscellaneous
$13
|
Miscellaneous
$395
|
Miscellaneous
$366
|
|
-
|
-
|
-
|
Insurance and Bonding
$284
|
Temporary services
$94
|
|
-
|
-
|
-
|
Investigations
$99
|
Investigations
$0
|
|
TOTALS 1994-1998
|
|
1994
|
1995
|
1996
|
1997
|
1998
|
Total revenues
$214,194
|
Total revenues
$219,898
|
Total revenues
$236,720
|
Total revenues
$337,919
|
Total revenues
$356,741
|
Total expenditures
$197,812
|
Total expenditures
$199,737
|
Total expenditures
$217,353
|
Total expenditures
$221,358
|
Total expenditures
$272,842
|
Excess of Revenues Over (Under) Expenditures
$16,382
|
Excess of Revenues Over (Under) Expenditures
$20,163
|
Excess of Revenues Over (Under) Expenditures
$19,367
|
Excess of Revenues Over (Under) Expenditures
$116,561
|
Excess of Revenues Over (Under) Expenditures
$83,899
|
Fund Balances, Beginning of year
$225,761
|
Fund Balances,
Beginning of year
$242,143
|
Fund Balances,
Beginning of year
$266,879
|
Fund Balances,
Beginning of year
$286,246
|
Fund Balances,
Beginning of year
$402,807
|
Fund Balances,
End of year
$242,143
|
Fund Balances,
End of year
$262,306
|
Fund Balances,
End of year
$286,246
|
Fund Balances,
End of year
$402,807
|
Fund Balances,
End of year
$486,706
|
