MORGAN COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
STATE OF WEST VIRGINIA
MORGAN COUNTY, to wit:
In accordance with West Virginia Code §11-8-12, as amended, the Morgan
County Board of Education proceeded to make an estimate of the amounts necessary
to be raised by a levy of taxes for the 2025 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
ES TIMATED REVENUES:
Local Sources:
Property taxes (Net of allowances) 12,053,853
Other local sources 489,500
State Sources:
State aid to schools 17,059,048
Federal Sources:
Unrestricted 150,000
Total estimated revenues 29,752,401
Estimated transfers in and other financing sources 111,365
Estimated beginning balance 2,000,000
Total estimated revenues, other financing sources
and beginning balance 31,863,766
ESTIMATED EXPENDITURES
Instruction 17,580,590
Supporting services:
Students 1,999,650
Instructional staff 1,858,518
Central administration 460,678
School administration 1,837,109
Central services 416,251
Operation and maintenance of facilities 3,156,287
Student transportation 2,656,026
Community services 45,000
Debt service:
Principal retirement 345,726
Total estimated expenditures 30,355,834
Total estimated transfers and other financing uses 1,007,932
Estimated budgetary reserves 500,000
Total estimated expenditures, other financing uses
and reserves 31,863,766
SPECIAL REVENUE FUND
ESTIMATED REVENUES:
Local Sources: 20,105
State Sources:
State aid to schools 713,528
Federal Sources 2,678,210
Total estimated revenues 3,411,843
Estimated transfers in and other financing sources 1,007,931
Total estimated revenues, other financing sources
and beginning balance 4,419,774
ESTIMATED EXPENDITURES:
Instruction 1,465,926
Supporting Services:
Students 3,466
Instructional staff 365,970
Business 3,340
Student transportation 231,893
Food services 2,320,841
Total estimated expenditures 4,391,435
Total estimated transfers and other financing uses 28,339
Total estimated expenditures and other financing uses 4,419,774
CAPITAL PROJECTS FUND
ESTIMATED REVENUES:
Estimated beginning balance 375,000
Total estimated revenues, transfers and beginning balance 375,000
ESTIMATED EXPENDITURES:
Capital projects 375,000
Total estimated expenditures 375,000
Total estimated expenditures and other financing uses 375,000
FEDERAL STIMULUS AND STABILIZATION FUND
ESTIMATED REVENUES:
Estimated beginning balance 800,000
Total estimated revenues, transfers and beginning balance 800,000
ESTIMATED EXPENDITURES:
ESSER Expenditures 716,974
Total estimated expenditures 716,974
Total estimated transfers and other financing uses 83,026
Total estimated expenditures and other financing uses 800,000
STATE OF WEST VIRGINIA,
MORGAN COUNTY, to wit:
I, Kristen Tuttle, Secretary of the Morgan 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 21st day of May, 2024.
KRISTEN TUTTLE
Secretary of the Board of Education
5-15-2tm