FAYETTE COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
STATE OF WEST VIRGINIA,
FAYETTE COUNTY, to wit:
In accordance with West Virginia Code §11-8-12 as amended, the Fayette County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2023 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 Special
Expense Revenue CARES
Fund Fund FUND
Estimated Revenues:
Local Sources:
Property taxes (Net of allowances) $ 19,627,763 $ –
Other Local sources 275,643 – –
State Sources:
State aid to schools 44,325,173 – –
Other unrestricted – 1,418,391 –
Federal Sources:
Restricted 70,000 9,461,595 2,780,264
Unrestricted 40,000 – –
Miscellaneous sources
Total estimated revenues 64,338,579 10,879,987 2,780,264
Estimated transfers in and other financing sources 2,423,501 964,503 –
Estimated beginning balance 5,000,000 – –
Total estimated revenues, other financing sources,
and beginning balance $ 71,762,080 $ 11,844,490 2,780,264
Expenditures:
Instruction $ 40,537,585 $ 4,914,730 1,293,582
Supporting services:
Students 3,475,832 355,944 112,517
Instructional staff 1,309,358 253,012 228,316
Central administration 1,448,419 – –
School administration 4,062,971 – 37,580
Support Service Central 1,176,290 – –
Operation and maintenance of facilities 6,023,144 – 979,516
Student transportation 6,671,375 41,142 128,754
Food services – 3,976,984 –
Community services 56,500 – –
Capital outlay
Debt service 1,842,496 – –
Total estimated expenditures 66,603,968 9,541,811 2,780,264
Total estimated transfers and other financing uses 3,260,374 127,631 –
Estimated budgetary reserves 1,734,738 2,175,048 –
Total estimated expenditures, other financing uses,
and reserves $ 71,599,080 $ 11,844,490 2,780,264
I, Gary Hough, Secretary of the Fayette County Board of Education, do hereby certify that the foregoing is a true copy of the budget adopted by the Fayette County Board of Education on the 17th day of May, 2022.
Gary Hough
Secretary of the Fayette County Board of Education