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July 1, 2012 June 30, 2013 |
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
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.
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
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. |
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2013
Proprietary Enterprise Fund |
2012
Proprietary Enterprise Fund |
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OPERATING REVENUES: | |||||||||||||||||||||||||||||||||||||||||||||||
License and
renewal fees (including late fees) |
$ 764,835 |
$ 744,475 |
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Examination fees | 74,350 |
75,800 |
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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 |
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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 |
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Operating income |
$ (54,092) |
$ 18,640 |
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NON-OPERATING REVENUES (EXPENSES) | |||||||||||||||||||||||||||||||||||||||||||||||
Interest income Total non-operating revenues |
4,576 $ 4,576 |
5,582 $ 5,582 |
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Change in net position |
$ (49,516) |
$ 24,222 |
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Net position -
beginning of year |
854,378 |
830,156 |
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Net position - end of year | $ 804,862 | $ 854,378 | |||||||||||||||||||||||||||||||||||||||||||||
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 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 |
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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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