WOOD COUNTY, WEST VIRGINIA, BOARD OF EDUCATION STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2018
In accordance with West Virginia Code S11-8-12 as amended, the Wood County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2018 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 Debt
Expense Revenue Service
Fund Fund Fund
Estimated Revenues:
Local Sources:
Property taxes (Net of allowances) 39,465,549.00 6,911,998.00
Other Local sources 310,000 00 421,895.00
State Sources
State aid to schools 66,684,800.00 4,999,071.00
Other unrestricted
Federal Sources:
Restricted 12,337,133.00
Unrestricted 500,000.00
Miscellaneous sources
Total estimated revenues 106,960,349.00 17,758,099.00 6,911,998.00
Estimated transfers in and other financing
sources 156,098.00 1,707,260.00
Estimated beginning balance 3,155,585.00
Total estimated revenues, other financing sources,
and beginning balance 110,272,032.00 19,465,359.00 6,911,998.00
Expenditures:
Instruction 63,550,505.00 7,323,534.00
Supporting services
Students 6,652,003.00 839,940.00
Instructional staff 4,522,790.00 746,080.00
Central administration 1,179,490.00 0.00
School administration 6,169,779.00 0.00
Support Sevice Central 1,460,491.00 13,577.00
Operation and maintenance of facilities 13,833,772.00 0.00
Student transportation 6,903,103.00 622,765.00
Food services 603,830.00 6,610,960.00
Community services 533,424.00 0.00
Capital outlay 0.00 0.00
Debt service 0.00 6,911,998.00
Total estimated expenditures 105,409,187.00 16,156,856.00 6,911,998.00
Total estimated transfers and other
financing uses 1,707,260.00 0.00
Estimated budgetary reserves 3,155,585.00 3,308,503.00 0.00
Total estimated expenditures, other financing uses,
and reserves 110,272,032.00 19,465,359.00 6,911,998.00
I, John B. Flint, Secretary of the Wood County Board of Education, do hereby certify that the foregoing is a true copy of the budget adopted by the Board of Education on the 9th day of May, 2017.
/s/: John B. Flint
Secretary of the Board of Education
May 18, 25