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Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
STATE OF WEST VIRGINIA
CLAY COUNTY, to wit:
In accordance with West Virginia Code §11-8-12, as amended, the Clay County Board of Education proceeded to make an estimate of the amounts necessary to be raised by 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
Estimated revenues:
Local Sources:
Property Taxes (Net of allowances) $ 1,662,490
Other local sources 43,000
State Sources:
State aid to schools 15,732,154
Other unrestricted 10,000
Federal sources:
Unrestricted 250,000
Miscellaneous sources
Total estimated revenues 17,697,644
Estimated transfers in and other financing sources
Estimated beginning balance 250,000
Total estimated revenues, other financing
sources, and beginning balance $ 17,947,644
Estimated expenditures:
Instruction $ 10,401,571
Supporting services:
Students 199,430
Instructional staff 388,191
Central administration 351,045
School administration 1,120,627
Central services 361,613
Operation and maintenance of facilities 1,965,683
Students transportation 2,615,717
Food services
Community services 78,324
Capital outlay
Debt service:
Principal retirement 198,058
Interest and fiscal charges
Total estimated expenditures 17,680,259
Total estimated transfers and other financing uses 267,385
Estimated budgetary reserves
Total estimated expenditures, other financing uses,
and reserves $ 17,947,644
Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $ 18,000
State Sources:
State aid to schools 343,133
Other
Federal sources 2,822,126
Miscellaneous sources
Total estimated revenues 3,183,259
Estimated transfers in and other financing sources 267,385
Estimated beginning balance
Total estimated revenues, other financing
sources, and beginning balance $ 3,450,644
Estimated expenditures:
Instruction $ 1,974,259
Supporting services:
Students
Instructional staff
Central administration
School administration
Business
Operation and maintenance of facilities
Students transportation
Food services 1,476,385
Community services
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total estimated expenditures 3,450,644
Total estimated transfers and other financing uses
Estimated budgetary reserves
Total estimated expenditures, other financing uses $ 3,450,644
Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
STATE OF WEST VIRGINIA,
Clay County, to wit:
I, Philip R. Dobbins, Secretary of the Clay 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 28th day of May, 2025.