MARSHALL COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES
AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2017
STATE OF WEST VIRGINIA,
MARSHALL COUNTY, to-wit:
In accordance with West Virginia Code Section 11-8-12 as amended, the Marshall County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2017 fiscal year, and doth determine and estimate the several amounts to be as follows:
The amount due and the amount that will become due and collectible from every source during the fiscal year INCLUDING THE LEVY OF TAXES, is as follows:
GENERAL CURRENT EXPENSE FUND
Estimated revenues:
Local Sources:
Property taxes (Net of allowances) $56,569,600
Other local sources 42,890
State Sources:
State aid to schools 0
Allocation for retirement 1,744,370
Allocation for PEIA 4,119,350
Unfunded retirement appropriation 4,970,920
Federal sources:
Unrestricted 965,010
Total estimated revenues 68,412,140
Estimated transfers in and
other financing sources –
Estimated beginning balance 1,200,000
Total estimated revenues, other financing
sources, and beginning balance $69,612,140
Estimated expenditures:
Instruction $32,629,570
Supporting services:
Students 2,512,420
Instructional Staff 385,570
Central Administration 1,526,450
School Administration 3,729,940
Central Services 986,520
Operation and Maintenance of facilities 6,945,440
Student Transportation 5,579,090
Community Services 77,470
Capital outlay 730,140
School related expenditures 27,000
Total estimated expenditures 55,129,610
Total estimated transfers and other
financing uses 9,017,530
Estimated budgetary reserves 5,465,000
Total estimated expenditures,
other financing uses, and reserves 69,612,140
SPECIAL REVENUE FUND
Estimated revenues:
State Sources: 2,065,080
Federal sources 4,840,410
Total Estimated revenues 6,905,490
Estimated transfers in and other
financing sources 1,752,580
Estimated beginning balance -
Total estimated revenues,
other financing sources, and
beginning balance $8,658,070
Estimated expenditures:
Instruction $3,597,395
Supporting services:
Students 45,960
Instructional staff 745,261
School administration 99,840
Business 211,400
Transportation 362,654
Food services 3,595,560
Total estimated expenditures 8,658,070
Total estimated transfers and
other financing uses -
Total estimated expenditures and other
finacing uses 8,658,070
DEBT SERVICE FUND
Estimated revenues:
Local sources:
Property Taxes (Net of allowances) $2,633,580
Total estimated revenues 2,633,580
Estimated transfers in and
other financing sources 1,664,950
Estimated beginning balance -
Total estimated revenues, transfers
and beginning balance $4,298,530
Estimated expenditures:
Debt service $ 4,298,530
Total estimated expenditures 4,298,530
Total estimated transfers and
other financing uses -
Total estimated expenditures and
other financing uses $4,298,530
CAPITAL PROJECTS FUND
Estimated revenues:
Estimated transfers in and other
financing sources 5,600,000
Estimated beginning balance -
Total estimated revenues, transfers,
and beginning balance $5,600,000
Estimated expenditures:
Capital projects $5,600,000
Total estimated expenditures 5,600,000
Total estimated transfers and
other financing uses -
Total estimated expenditures
and other financing uses $5,600,000
STATE OF WEST VIRGINIA,
Marshall County, to wit:
I, Michael Hince, Secretary of the Marshall County Board of Education, do hereby certify that the foregoing is a true copy of the fiscal year 2016 budget for Marshall County Schools.
MICHAEL HINCE
Secretary of the Board of Education
Intelligencer June 1, 8, 2016
News-Register June 1, 8, 2016
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