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West Virginia expected to end the year with small surplus

Steven Adams  |  June 29, 2020

By Steven Adams, includes “When the 2020 fiscal year ends Tuesday, West Virginia could still end up with a small surplus after sweeping state agencies for cash and utilizing excess Medicaid dollars. … ‘In a year that looked like chaos beyond belief, from a cash standpoint we’re going to turn out a surplus,’ Justice said. ‘It is amazing, but it’s not any more amazing than what West Virginians have done in every way…you’re knocking it out of the park, West Virginia, and you’re doing it very very well.’ …” (Note: This article likely provides an example of why Truth in Accounting advocates for accrual-based accounting for government funds accounts.) 

Read the full article on: The Intelligencer (West Virginia)

 
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