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July 1, 2012 — June 30, 2013
Annual Reports of the North Carolina Veterinary Medical Board
See also:


Annual Report / July 1, 2012 - June 30, 2013 per NCGS § 93B-2(a)(1) - (a)(11)


August 25, 2013

(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 the same.

The members, with officer designations, were Richard W. Hawkins, D.V.M., President; Vice President [sic]; Danta R. Martin, D.V.M.,Secretary-Treasurer; David T. Marshall, D.V.M., Dwight E. Cochran, D.V.M., Kim D. Gemeinhardt, D.V.M., Jonathan S. Loftis, R.V.T., and Mrs. Katie Morgan.

(2) The number of persons who applied to the Board for examination:
        A. Veterinarians - North Carolina State Examination: 287
        B. Veterinary Technicians - North Carolina State Examination: 124

(3) The number who were refused examination:
        A. Veterinarians: 6
        B. Veterinary Technicians: 2

(4) The number who took the examination:
        A. Veterinarians: 269
        B. Veterinary Technicians: 118         

(5) The number to whom initial licenses were issued:
        A. Veterinarians: 268
        B. Veterinary Technicians: 118

(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: 171
        B. Veterinary Technicians: 61

(9) The number of licenses terminated for any reasonother than failure to pay the required fee:
        A. Veterinarians: 1
        B. Veterinary Technicians: 0

(10) The substance of any anticipated request by the Board to the General Assembly to amend statutes:

Amend G.S. § 90-185 to raise the not to exceed amounds for various fees listed in this General Statute.

Amend G.S. § 90-187.9 license reinstatement; and to provide for confidentiality of elecgtronic mail names or addresses as set forth in Senate Bil 382.

(11) The substance of any anticipated change in rules or anticipated adoption of new rules:


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 Financial Report per NCGS § 93B-2(b)

Financial Statements for the
Years Ended June 30, 2013 and 2012 and
Independent Auditor's Report

Shelton L. Hawley, C.P.A., P.A.
Certified Public Accounting Firm
October 10, 2103

View the entire document.

   pdf

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, 2013 and 20012. Please read it in conjunction with the financial statements which follow this section.

Financial Highlights

During 2013 the Board's net position decreased by $49,516, or 5.8%, due primarily to an increase in expenses. During 2012, the Board's net position increased by $24,222, or 2.9%, due primarily to a decrease in expenses.

During 2013, the operating revenues of the Board increased by $51,519, or 5.7%, due primarily to an increase in license fees revenue, temporary permits revenue, and miscellaneous iincome. During 2012 the operating revenues of the Board increased by $63,465, or 7.6%, due primarily to an increase in license fees revenue, examination fees revenue and temporary permits revenue.

During 2013, the non-operating revenues of the Board decreased by $1,006, or 18%, due to a decrease in interest earnings rates. During 2012, the non-operating revenues of the Board decreased by $3,514, or 38.6%, due to a decrease in interest earnings rates.

During 2013 the operating expenses of the Board increased by $124,251, or 14.1%, due primarily to an increase in legal fees, employee wages and computer consulting expenses. 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.

STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
YEARS ENDED JUNE 30, 2013 AND 2012
From the Independent Auditor's Report, Shelton L. Hawley, CPA, PA, pages 6-8.
 
2013

Proprietary Enterprise Fund
2012

Proprietary Enterprise Fund
OPERATING REVENUES:
License and renewal fees
(including late fees)
$  764,835
$  744,475
Examination fees
74,350
75,800
Hospital inspection fees
50,550
47,475
Reinstatement fees
1,050
725
Temporary permits
11,840
11,840
Service verifications
27,306
3,387
Corporate registration and application fees
4,316
8,550
Miscellaneous income

     Total operating revenues
19,785

$  950,892
7,121

$  899,377
OPERATING EXPENSES:
Salaries - staff
(including accumulated leave)
$   194,471
$   167,171
Salaries - inspections
(including accumulated leave)
54,312
48,592
Salaries - investigations
(including accumulated leave)
60,646
58,836
Payroll taxes
23,717
21,007
Retirement contributions (Note 6) 11,237 11,508
Employee insurance 30,519 31,715
Board members and meeting expenses
(including hearing expenses)
24,284 38,832
Travel - staff (including training expenses) 4,616 4,978
Travel - investigations (including investigations expenses) 28,001 29,329
Travel - hospital inspections 24,779 21,753
Contractural services - impairment fund expenses 67,500 67,500
Telephone (including internet related costs) 17,267 15,264
Building operating expenses 14,511 15,264
Depreciation 52,831 46,742
Impairment fund expenses 67,500 67,500
Office equipment rental and maintenance expenses (Note 5) 16,555 14,959
Office and computer supplies 10,069 11,159
Online processing fees 18,321 17,398
Printing 6,419 2,015
Postage and shipping 9,004 9,306
Insurance and bonding 14,285 12,505
Dues and subscriptions 500 500
Legal, audit and other professional fees 260,783 232,324
Computer consulting services 59,885 22,424
Miscellaneous expenses     

      Total operating expenses
372

$  1,004,984
3,042

$    880,773

Operating income

$    (54,092)

$      18,640
NON-OPERATING REVENUES (EXPENSES)
Interest income

     Total non-operating revenues
4,576

$       4,576
5,582

  $       5,582


Change in net position

$   (49,516)


$     24,222

Net position - beginning of year
854,378

830,156

Net position - end of year $   804,862 $   854,378

 

Note 2 - Deposits and Investments (Continued)
Investments
At June 30, 2013 and 2012, the Board had the following investments and maturities.

 
June 30, 2013
June 30, 2012
Investment Type
Fair Value
6 - 12 Months
Fair Value
6 - 12 Months
 

Certificate of Deposit
$100,000
$100,000
$100,000
$100,000
 

Total
$100,000
$100,000
$100,000
$100,000
 





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 $2,664 in 2013 and $2,668 in 2012.

Rental commitments under noncancellable operating leases at June 30, 2013 are as follows:

Year Ending June 30,
2014 2,664
2015 2,664
2016 1,554

  $ 6,882

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, 2013 was $224,740; the Board's total payroll was $309,429. The Board's covered payroll for the year ended June 30, 2012 was $230,160; total payroll was $274,599. The Board's covered payroll for the year ended June 30, 2011 was $243,580; total payroll was $280,964. The Board's pension contribution amounted to $11,237 for 2013, $11,508 for 2012 and $12,179 for 2011. 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.

 

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 Position present the current and long-term portions of assets and liabilities separately.

The Statements of Revenues, Expenses, and Changes in Net Positions 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, 2013
Current Year as of and for the year ended
June 30, 2012

Current assets
$    636,792
$    618,030
Capital assets
653,791

696,312

     Total assets
$ 1,290,583
$ 1,314,342

 

   
Current liabilities
$    429,177
$    412,145
Long-term liabilities
56,544

47,819

     Total liabilities
$    485,721
$    459,946
     
Invested in capital assets
$    653,791
$    696,312
Unrestricted
151,071

158,066

     Total net position
$    804,862
$     854,378
     
Operating revenues
$   950,892
$    899,373
Operating expenses
1,004,984

(880,733)

     Operating income
(54,092)
18,640
Non-operating revenues
4,575

5,582
      Change in net assets
$    (49,516)
$    24,222

 

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.

 

 

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