Legal 3 col x 11-1/2”
0605 0612
Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2026
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 2026 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) $ 2,809,767
Other local sources 90,000
State Sources:
State aid to schools 15,046,111
Other unrestricted 10,000
Federal sources:
Unrestricted 200,000
Miscellaneous sources
Total estimated revenues 18,155,878
Estimated transfers in and other financing sources
Estimated beginning balance 500,000
Total estimated revenues, other financing
sources, and beginning balance $ 18,222,914
Estimated expenditures:
Instruction $ 10,817,190
Supporting services:
Students 195,061
Instructional staff 46,932
Central administration 365,380
School administration 886,307
Central services 1,038,275
Operation and maintenance of facilities 2,094,521
Students transportation 2,517,074
Food services
Community services 146,662
Capital outlay 77,595
Debt service:
Principal retirement 198,058
Interest and fiscal charges
Total estimated expenditures 18,383,055
Total estimated transfers and other financing uses 272,823
Estimated budgetary reserves
Total estimated expenditures, other financing uses,
and reserves $ 18,655,878
Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2026
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $ 23,526
State Sources:
State aid to schools 391,102
Other
Federal sources 2,843,066
Miscellaneous sources
Total estimated revenues 3,272,823
Estimated transfers in and other financing sources 167,771
Estimated beginning balance
Total estimated revenues, other financing
sources, and beginning balance $ 3,530,517
Estimated expenditures:
Instruction $ 2,096,353
Supporting services:
Students
Instructional staff
Central administration
School administration
Business
Operation and maintenance of facilities
Students transportation
Food services 1,434,164
Community services
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total estimated expenditures 3,530,517
Total estimated transfers and other financing uses
Estimated budgetary reserves
Total estimated expenditures, other financing uses $ 3,530,517
Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2026
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 20th day of May, 2025.