Raleigh County Board of Education
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2021
STATE OF WEST VIRGINIA,
Raleigh County, To Wit:
In accordance with West Virginia Code 11-8-12 as amended, the Raleigh 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 EXPENSE FUND
Estimated revenues:
Local Sources: Property taxes (Net of all allowances) $ 43,742,950
Other local sources 498,000
State Sources: State aid to schools 55,701,078
Retirement & PEIA Allocation 28,520,261
Other unrestricted 101,000
Federal Sources: Unrestricted 650,000
Miscellaneous sources: Indirect Cost & Other Miscellaneous 525,000
Total estimated revenues 129,738,289
Estimated beginning balance – July 1, 2020 1,500,000
Total Estimated Revenues/ Beginning Balance $ 131,238,289
Estimated expenditures:
Regular Pre K-12 education programs $ 61,543,925
Special education programs 15,185,500
Vocational education programs 3,588,001
Out of School Environment 817,000
Alternative Education 23,000
Universal Service Funding 300,000
Medicaid Program 350,000
Excess Levy Restricted Projects 6,146,516
Adult/Continuing education programs 101,000
Community services programs 426,946
Operation and Maintenance of Plant 13,783,000
Student Transportation Services 9,885,599
Support Services – Students, Instructional Staff, and Other 16,364,946
Building and Site Improvement 150,000
Interfund Transfers 2,572,856
Total estimated expenditures $ 131,238,289
Raleigh County Board of Education
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2021
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources: Child Nutrition Program Collections $ 408,067
Transfers From General Fund 2,522,093
Other local sources 253,413
State Sources: Restricted – Child Nutrition Program 0
State Aid Support – Special Revenue Accounts 661,484
Restricted – Special Revenue Accounts 2,574,560
Federal Sources: Restricted – Special Revenue Accounts 8,616,920
Restricted – Child Nutrition Program 5,683,217
Total estimated revenues $ 20,719,754
Estimated expenditures:
Regular Pre K-12 education programs $ 5,855,499
Special education programs 3,486,785
Vocational education programs 587,591
Adult/Continuing education programs 1,245,029
Child Nutrition Program – Centralized 8,509,329
Support services 1,035,521
Total estimated expenditures 20,719,754
Raleigh County Board of Education
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2021
PERMANENT IMPROVEMENT FUND
Estimated revenues:
Estimated Beginning Treasurer’s Balance $ 3,733,333
Total Estimated Revenue/Beginning Balance $ 3,733,333
Estimated expenditures:
Transfers to Capital Projects Fund $ 3,733,333
Total Estimated Expenditures $ 3,733,333
Raleigh County Board of Education
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2021
CAPITAL PROJECTS FUND
Estimated revenues:
Local sources:
Property Taxes (Net of allowances) $ –
Other local sources
State Sources:
Restricted – School Building Authority 3,266,667
Total estimated revenues 3,266,667
Estimated transfers in and other financing sources 3,733,333
Estimated beginning balance
Total estimated revenues, transfers, and beginning balance $ 7,000,000
Estimated expenditures:
Capital projects $ 7,000,000
Total estimated expenditures 7,000,000
Total estimated transfers and other financing uses
Total estimated expenditures and other financing uses $ 7,000,000
STATE OF WEST VIRGINIA,
Raleigh County, To Wit:
I Charles D Price, Secretary of the Raleigh County Board of Education, do hereby certify that the foregoing is a true copy of the proposed budget that is available for public inspection beginning May 14, 2020 and was adopted by the board of education on May 26, 2020.
Charles D. Price
Secretary of the Board of Education
ID: 397682