MERCER COUNTY BOARD OF EDUCATION STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES FOR THE FISCAL YEAR ENDED JUNE 30, 2017 STATE OF WEST VIRGINIA, MERCER COUNTY, to wit: In accordance with West Virginia Code ?11-8-12 as amended, the Mercer 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) $ 10,250,974 Other local sources 26,000 State Sources: State aid to schools 60,215,034 Federal sources: Unrestricted 586,590 Miscellaneous sources 34,960 Total estimated revenues 71,113,558 Estimated beginning balance 1,200,000 Total estimated revenues, other financing sources, and beginning balance $ 72,313,558 Estimated expenditures: Instruction $ 43,860,930 Supporting services: Students 4,141,790 Instructional staff 1,646,980 Central administration 892,580 School administration 5,796,510 Central services 1,392,000 Operation and maintenance of facilities 5,934,416 Student transportation 5,844,570 Community services 439,800 Total estimated expenditures 69,949,576 Total estimated transfers and other financing uses 2,363,982 Total estimated expenditures, other financing uses, and reserves $ 72,313,558 MERCER COUNTY BOARD OF EDUCATION STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES FOR THE FISCAL YEAR ENDED JUNE 30, 2017 EXCESS LEVY FUND Estimated revenues: Local Sources: Property taxes (Net of allowances) $ 12,374,284 Total estimated revenues 12,374,284 Total estimated revenues, other financing sources, and beginning balance $ 12,374,284 Estimated expenditures: Instruction $ 4,936,060 Supporting services: Students 264,070 Instructional staff 71,060 Central administration 106,120 School administration 311,400 Central services 119,940 Operation and maintenance of facilities 4,239,304 Student transportation 834,190 Community services 147,120 Debt service: Principal retirement 635,290 Interest and fiscal charges 375,380 Total estimated expenditures 12,039,934 Total estimated transfers and other financing uses 334,350 Total estimated expenditures, other financing uses, and reserves $ 12,374,284 MERCER COUNTY BOARD OF EDUCATION STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES FOR THE FISCAL YEAR ENDED JUNE 30, 2017 SPECIAL REVENUE FUND Estimated revenues: Local Sources $ 543,710 State Sources: State aid to schools 2,822,676 Other 1,056,009 Federal sources 15,364,172 Total estimated revenues 19,786,567 Estimated transfers in and other financing sources 2,047,237 Total estimated revenues, other financing sources, and beginning balance $ 21,833,804 Estimated expenditures: Instruction $ 7,804,024 Supporting services: Students 23,710 Instructional staff 595,510 Operation and maintenance of facilities 25,000 Student transportation 495,276 Food services 8,739,410 Total estimated expenditures 17,682,930 Total estimated transfers and other financing uses 4,150,874 Total estimated expenditures and other financing uses $ 21,833,804 MERCER COUNTY BOARD OF EDUCATION STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES FOR THE FISCAL YEAR ENDED JUNE 30, 2017 CAPITAL PROJECTS FUND Estimated revenues: Local sources: Other local sources 8,000 Total estimated revenues 8,000 Estimated beginning balance 3,250,000 Total estimated revenues, transfers, and beginning balance $ 3,258,000 Estimated expenditures: Capital projects $ 3,258,000 Total estimated expenditures 3,258,000 Total estimated expenditures and other financing uses $ 3,258,000 MERCER COUNTY BOARD OF EDUCATION STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES FOR THE FISCAL YEAR ENDED JUNE 30, 2017 PERMANENT IMPROVEMENT FUND Estimated revenues: Estimated transfers in and other financing sources 334,350 Estimated beginning balance 334,350 Total estimated revenues, transfers, and beginning balance $ 668,700 Estimated expenditures: Capital projects $ 668,700 Total estimated expenditures 668,700 Total estimated transfers and other financing uses Total estimated expenditures and other financing uses $ 668,700 MERCER COUNTY BOARD OF EDUCATION STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES FOR THE FISCAL YEAR ENDED JUNE 30, 2017 STATE OF WEST VIRGINIA, Mercer County, to wit: I, Deborah S. Akers, Secretary of the Mercer County Board of Education, do hereby certify that the foregoing is a true copy of the proposed budget being considered for adoption by the board of education on the 24th day of May, 2016. Deborah S. Akers Secretary of the Board of Education
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