WWW.ALIGUS.COM |
||||||||||
|
July 1, 2011 June 30, 2012 |
See also: |
Annual Report per NCGS §
93B-2(a)(1) - (a)(11) |
August 26, 2012
(1) The address of the Board and the names of its members and officers:
The address of the Board was 1611 Jones Franklin Road, Suite 106, Raleigh,
NC 27606; the mailing address was P.O. Box 37549, Raleigh, NC 27627.
The members, with officer designations, were J. Linwood Jernigan, D.V.M.; Richard W. Hawkins,
D.V.M., Vice President; Danta R. Martin, D.V.M.,Secretary-Treasurer; Dwight E. Cochran,
D.V.M., Kim D. Gemeinhardt, D.V.M., David T. Marshall, D.V.M., Mrs. Katie Morgan and Nancy K. Robinson, R.V.T.
(2) The number of persons who applied to the Board for examination:
A. Veterinarians
North Carolina State Examination: 282
B. Veterinary Technicians
North Carolina State Examination: 118
(3) The number who were refused examination:
A. Veterinarians: 0
B. Veterinary Technicians: 0
(4) The number who took the examination:
A. Veterinarians
North Carolina State Examination: 272
B. Veterinary Technicians:
North Carolina State Examination: 115
(5) The number to whom initial licenses were issued:
A. Veterinarians: 272
B. Veterinary Technicians: 114
(6) The number who applied for license by reciprocity or comity:
A. Veterinarians: 0
B. Veterinary Technicians: 0
(7) The number who were granted licenses by reciprocity or comity:
A. Veterinarians: 0
B. Veterinary Technicians: 0
(8) The number of licenses suspended or revoked:
A. Veterinarians: 128
B. Veterinary Technicians: 48
(9) The number of licenses terminated for any reasonother than failure to pay:
A. Veterinarians: 1
B. Veterinary Technicians: 1
Amend G.S. § 90-187 to include the Program for the Assessment of Veterinary Education Equivalence (PAVE) of the American Association of Veterinary State Boards as an alternative to the current certification program accepted.
Amend G.S. § 90-185 to raise the not to exceed amounts for various fees listed in this General Statute.
21 NCAC 66.0206 Minimum Standards for Continuing Education
This change would increase the number of allowable hours for audio, video or computer-based training from three to five hours.
21 NCAC 66.0207 Minimum Facility and Practice Standards
Revised the requirements for in-house or consultant laboratory services.
From the
Annual Report per NCGS § 93B-2(b) |
Financial Statements for the
Years Ended June 30, 2010 and 2009 and
Independent Auditor's Report
Shelton L. Hawley, C.P.A., P.A.
Certified Public Accounting Firm
MANAGEMENT'S DISCUSSION AND ANALYSIS
This section of the Board's financial report represents Management's analysis of the Board's financial performance during the years ending June 30, 2012 and 2011. Please read it in conjunction with the financial statements which follow this section.
Financial Highlights
During 2012 the Board's net assets increased by $24,222, or 2.9%, due primarily to decrease in expenses. During 2011, the Board's net assets decreased by $151,811, or 15.5%, due primarily to an increase in expenses.
During 2012 the operating revenues of the Board increased by $63,465, or 7.6%, due primarily to an increase in examination fees revenue and temporary permits revenue. During 2011, the operating revenues of the Board increased by $29,923 or 3.7%, due primarily to an increase in license fees revenue, examination fees revenue, and hospital inspection fees.
During 2012, the non-operating revenues of the Board decreased by $3,514, or 38.6%, due to decrease in interest earnings rates. During 2011, the non-operating revenues of the Board decreased by $5,416 or 37.3%, due to decrease in cash on hand and due to a decrease in interest earnings rates.
During 2012, the operating expenses of the Board decreased by $116,082, or 11.6%, due primarily to a decrease in legal fees, employee wages and employee benefits expenses. During 2011, the operating expenses of the Board increased by $140,441 or16.4%, due primarily to an increase in legal fees, employee wages and employee benefits expenses.
STATEMENTS
OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS YEARS ENDED JUNE 30, 2012 AND 2011 From the Independent Auditor's Report, Shelton L. Hawley, CPA, PA, pages 5-6 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2012
Proprietary Enterprise Fund |
2011
Proprietary Enterprise Fund |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
OPERATING REVENUES: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
License and
renewal fees (including late fees) |
$ 744,475 |
$ 721,025 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Examination fees | 75,800 |
50,000 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hospital inspection fees | 47,475 |
45,900 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reinstatement fees | 725 |
1,225 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Temporary permits | 11,840 |
4,410 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service verifications | 3,387 |
2,940 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate registration and application fees | 8,550 |
6,300 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Miscellaneous income Total operating revenues |
7,121
$ 899,377 |
4,108 $ 835,908 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
OPERATING EXPENSES: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Salaries - staff (including accumulated leave) |
$ 167,171 |
$ 177,745 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Salaries - inspections (including accumulated leave) |
48,592 |
44,766 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Salaries - investigations (including accumulated leave) |
58,836 |
58,453 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payroll taxes | 21,007 |
21,494 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retirement contributions (Note 6) | 11,508 | 12,179 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Employee insurance | 31,715 | 36,095 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Board members
and meeting expenses (including hearing expenses) |
38,832 | 20.755 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Travel - staff | 4,978 | 3,319 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Travel - investigations | 29,329 | 30,736 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Travel - hospital inspections | 21,753 | 17,965 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Telephone (including internet related costs) | 15,264 | 12,125 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Building operating expenses | 14,298 | 20,819 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Depreciation | 46,742 | 41,060 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Examination expenses | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impairment fund expenses | 67,500 | 67,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Office equipment rental and maintenance expenses (Note 5) | 14,959 | 14,568 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Office and computer supplies | 11,159 | 13,626 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Online processing fees | 17,398 | 18,109 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Printing | 2,015 | 4,282 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Postage and shipping | 9,306 | 10,643 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Insurance and bonding | 12,505 | 10,906 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dues and subscriptions | 500 | 500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Legal, audit and other professional fees | 232,324 | 354,079 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Miscellaneous expenses Total operating expenses |
3,042 $ 880,773 |
5,091 $ 996,815 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating income |
$ 18,640 |
$ (160,907) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
NON-OPERATING REVENUES (EXPENSES) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on disposition of capital assets | $ | $ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest income Total non-operating revenues |
5,582 $ 5,582 |
9,096 $ 9,096 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in net assets |
$ 24,222 |
$ (151,811) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets -
beginning of year |
830,156 |
981,967 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net assets - end of year | $ 854,378 | $ 830,156 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Note 2 - Deposits and Investments (Continued)
Note 6- Pension Plan and Postemployment Benefits other Than Pensions Simplified Employee Pension Plan |
Overview of the Financial Statements
This financial report consists of two sections: Management's Discussion and Analysis and the Financial Statements. The Board has no other supplementary information required by GASB 34. The Financial Statements also include notes to the financial statements that provide detail of the information included in the financial statements.
Basic Financial Statements
The financial statements of the Board report information about the Board using accounting methods similar to those used by private sector companies. These statements offer short and long-term financial information about the activities of the Board.
The Statements of Net Assets present the current and long-term portions of assets and liabilities separately.
The Statements of Revenues, Expenses, and Changes in Net Assets present information on how the Board's assets changed as a result of its operations.
The Statements of Cash Flows present information on how the Board's cash changed as a results of its financial activities.
Condensed Financial information
The following presents condensed financial information on the operations of the Board:
Current Year as of and for
the year ended June 30, 2012 |
Current Year as of and for the year
ended
June 30, 2011 |
|
Current assets | $ 618,030 |
$ 581,756 |
Capital assets | 696,312 |
701,145 |
Total assets | $ 1,314,342 |
$ 1,282,901 |
|
||
Current liabilities | $ 412,145 |
$ 407,451 |
Long-term liabilities | 47,819 |
45,294 |
Total liabilities | $ 459,946 |
$ 452,745 |
Invested in capital assets | $ 696,312 |
$ 701,145 |
Unrestricted | 158,066 |
129,011 |
Total net assets | $ 854,378 |
$ 830,156 |
Operating revenues | $ 899,373 |
$ 835,908 |
Operating expenses | (880,733) |
(996,815) |
Operating income | (18,640) |
(160,907) |
Non-operating revenues | 5,582 |
9,096 |
Change in net assets | $ 24,222 |
$ 151,811 |
Events Affecting Future Operations
The Board has indicated it has no significant events affecting future operations which are reportable pursuant to GASB 34.
Contacting the Board's Management
This financial report is designed to provide a general overview of the Board's finances and to demonstrate the Board's accountability for the money it receives. If you have any questions about this report or need additional information, contact: North Carolina Veterinary Medical Board, PO Box 37549, Raleigh, NC 27627.
Join the Blue Ribbon Online Free Speech Campaign!
| |
| |
| |
| |
| |