FAYETTE COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
STATE OF WEST VIRGINIA,
FAYETTE COUNTY, to wit:
In accordance with West Virginia Code 11-8-12 as amended, the Fayette County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2021 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
Expense Revenue
Fund Fund
Estimated Revenues: Local Sources: Property taxes (Net of allowances) $ 19,196,286 $ –
Other Local sources 409,643 8,503
State Sources: State aid to schools 46,628,151 311,538
Other unrestricted – 1,068,869
Federal Sources: Restricted 70,000 8,564,381
Unrestricted 50,000 –
Miscellaneous sources Total estimated revenues 66,354,080 9,953,292
Estimated transfers in and other financing sources 2,372,508 1,045,822
Estimated beginning balance 5,000,000 – Total estimated revenues, other financing sources,
and beginning balance $ 73,726,587 $ 10,999,113
Expenditures:
Instruction $ 41,763,398 $ 4,861,704
Supporting services: Students 3,122,868 216,677
Instructional staff 1,381,735 245,945
Central administration 1,714,174 –
School administration 4,061,371 –
Support Service Central 1,013,420 –
Operation and maintenance of facilities 6,774,724 –
Student transportation 6,756,671 38,781
Food services 2,916 4,161,934
Community services 59,500 –
Capital outlay Debt service 1,368,854 –
Total estimated expenditures 68,019,631 9,525,041
Total estimated transfers and other financing uses 3,360,032 66,209
Estimated budgetary reserves 2,346,925 1,407,863
Total estimated expenditures, other financing uses,
and reserves $ 73,726,587 $ 10,999,113
I, Terry George, Secretary of the Fayette County Board of Education, do hereby certify that the foregoing is a true copy of the budget adopted by the Fayette County Board of Education on the 12th day of May, 2020.
Terry George
Secretary of the Fayette County Board of Education