HANCOCK COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND
EXPENDITURES FOR THE FISCAL YEAR
ENDED JUNE 30, 2023
STATE OF WEST VIRGINIA,
HANCOCK COUNTY, to wit:
In accordance with West Virginia Code Section 11-8-12 as amended, the Hancock 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 EXPENSE FUND
Estimated revenvues:
Local Sources:
Property Taxes (Net of allowances) $15,692,707
Other local sources 664,858
State Sources:
State aid to schools 22,132,441
Other unrestricted —
Federal Sources:
Unrestricted 500,000
Miscellaneous Sources 15,000
Total estimated revenues 39,005,006
Estimated transfers in and
other financing sources 996,958
Estimated beginning balance 1,103,167
Total estimated revenues, other financing
sources, and beginning balance $41,105,131
Estimated expenditures:
Instruction $20,157,676
Supporting services
Students 2,793,109
Instructional Staff 245,845
Central administation 1,776,395
School administration 2,768,638
Cental services 1,014,488
Operation and maintenance of facilities 6,108,547
Student transportation 4,163,747
Food service —
Community services 40,000
Capital outlay —
Debt service:
Principal retirement 42,443
Interest and fiscal charges —
Total estimated expenditures 39,110,888
Total estimate transfers and
other financing uses 1,994,243
Estimated budgetary reserves —
Total estimated expenditures, other financing
uses, and reserves $41,105,131
DEBT SERVICE FUND
Estimated revenues:
Local sources:
Property Taxes (net of allowances) $2,301,694
Other local sources —
Miscellaneous sources —
Total estimated revenues 2,301,694
Estimated transfers in and other
financing sources —
Estimated beginning balance —
Total estimated revenues, transfers and
beginning balance $2,301,694
Estimated expenditures:
Debt service $2,301,694
Total estimated expenditures 2,301,694
Total estimated transfers and
other financing uses —
Total estimated expendures and
other financing uses $2,301,694
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $5,000
State Sources: 970,570
State aid to schools —
Other —
Federal sources 4,647,526
Miscellaneous sources —
Total estimated revenues 5,623,096
Estimated transfers in and other
financing sources 432,688
Estimated beginning balance 100,000
Total estimated revenues, other financing
sources, and beginning balance 6,155,764
Estimated expenditures:
Instruction $2,027,304
Supporting services:
Students 248,081
Instructional staff 356,509
Central administration —
School administration —
Business —
Operation and maintenance of facilities —
Student transportation —
Food services 2,540,000
Community services —
Capital outlay —
Debt service:
Principal retirement —
Interest and fiscal charges —
Total estimated expenditures 5,171,894
Total estimated transfers and
other financing uses 983,870
Total estimated expendures and
other financing uses $6,155,764
STATE OF WEST VIRGINIA,
Hancock County, to-wit:
I, Dawn R. Petrovich, Secretary of the Hancock 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 23rd of May, 2022.
Dawn R. Petrovich
Secretary of the Board of Education
WDT, June 13, 20, 2022