Ohio County Board of Education
Statement of Estimated Revenues and Expenditures
For the Fiscal Year Ended June 30, 2024
STATE OF WEST VIRGINIA
OHIO COUNTY, to wit:
In accordance with West Virginia Code 11-8-12, as amended, the Ohio County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2023-24 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:
OPERATING BUDGET
General Current Expense Fund
Estimated revenues:
Local sources:
Property taxes (net of allowances) $42,504,777
Other local sources 1,441,000
State sources:
State aid to schools 18,539,957
Allocations for PEIA and Retirement 6,301,705
Other 2,077,709
Federal sources 4,715,543
Subtotal: estimated revenues 75,580,691
Estimated balance at July 1, 2023 3,000,000
Estimated Revenues and Balance 78,580,691
Estimated expenditures:
Instruction $38,379,670
Supporting services:
Students 1,894,561
Instructional staff 1,078,517
Central administration 1,302,525
School administration 3,563,437
Business, Human Resources’ Office &
Computer Center 1,317,519
Operation & maintenance of facilities 10,461,731
Student transportation 4,500,197
Child nutrition: Program Administration –
Community services programs
(4-H, Ohio County Public Library) 1,277,899
Co-curricular and extra-curricular programs 1,531,312
Reserve for Contingencies 3,000,000
Subtotal: Estimated Expenditures 68,307,368
Special Revenue Fund (Reserves of Grants and Restricted Funds):
Estimated Expenditures:
Improvement of instructional programs
(Step 7) 1,306,582
Staff Development Councils 25,395
Faculty senates 222,000
Academic Curriculum Trips –
Child Nutrition: Operational Costs 4,003,803
Reserves for Federal/State Grants 4,715,543
Subtotal: Estimates Expenditures 10,273,323
TOTAL OPERATING BUDGET:
Estimated Revenues $78,580,691
TOTAL OPERATING BUDGET:
Estimated Expenditures $78,580,691
Debt Service Fund
Estimated revenues:
Property Taxes (net of allowances) $3,873,375
Interest on Investments 1,000
Total estimated revenues 3,874,375
Estimate beginning balance 1,700,000
Total estimated revenues 5,574,375
Estimated expenditures:
Reserve for Future Debt Service 5,574,375
Total estimated expenditures $5,574,375
Permanent Improvement Fund
Estimated revenues:
Local sources $25,000
State sources: WV School Building
Authority Grants 5,750,000
Total estimated revenues 5,775,000
Estimated beginning balance and
Restricted Principal 1,250,000
Total estimated revenues and
beginning balance 7,025,000
Estimated expenditures:
Facilities 7,025,000
Restricted Principal 7,025,000
Total estimated expenditures $7,025,000
Bond Construction Fund
Estimated revenues:
Local sources $360,000
Total estimated revenues 360,000
Estimated beginning balance and
Restricted Principal 543,900
Total estimated revenues and
beginning balance 903,900
Estimated expenditures:
Facilities 360,000
Restricted Principal 543,900
Total estimated expenditures $903,900
Elementary and Secondary School
Emergency Relief Fund
Estimated revenues:
Federal Sources $4,023,823
Total estimated revenues 4,023,823
Total estimated revenues and
beginning balance 4,023,823
Estimated expenditures:
Facilities 1,225,000
Contracted Services 120,328
Technology 1,600,000
Salaries & Benefits 961,000
Indirect Costs 117,495
Total estimated expenditures $4,023,823
STATE OF WEST VIRGINIA,
OHIO COUNTY, to wit:
I, Kimberly S. Miller, Secretary of the Ohio County Board of Education, do hereby certify that the foregoing is a true copy of the Statement of Estimated Revenues and Expenditures for the Fiscal Year Ended June 30, 2024, as approved by the Ohio County Board of Education on the 22nd day of May 2023.
Kimberly S. Miller
Secretary of the Ohio County Board of Education
Int & NR May 15, 22, 2023