Ohio County Board of Education
Statement of Estimated Revenues and Expenditures
For the Fiscal Year Ended June 30, 2016
STATE OF WEST VIRGINIA,
OHIO COUNTY, to wit:
In accordance with West Virginia Code 11-8-12, as amended, the Ohio County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2013-14 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:
OPERATING BUDGET
General Current Expense Fund
Estimated revenues:
Local sources:
Property taxes (net of allowances) $ 31,213,134
Other local sources 2,550,091
State sources:
State aid to schools 17,707,405
Allocations for PEIA and Retirement 6,349,159
Other 1,325,438
Federal sources 3,904,715
Subtotal: estimated revenues 63,049,942
Estimated balance at July 1, 2014 1,500,000
Estimated Revenues and Balance 64,549,942
Estimated expenditures:
Instruction $31,287,892
Supporting services:
Students 2,179,056
Instructional Staff 672,206
Central Administration 1,097,057
School Administration 3,099,072
Business, Human Resources’ Office
& Computer Center 737,641
Operation & maintenance of facilities 7,722,001
Student Transportation 4,106,028
Child Nutrition: Program Administration 149,508
Community services programs
(4-H, Ohio County Public Library) 782,590
Co-curricular and Extra-curricular Programs 1,019,990
Reserve for Contingencies 3,300,000
Subtotal: Estimated Expenditures 56,153,041
Special Revenue Fund
(Reserves of Grants and Restricted Funds):
Estimated Expenditures:
Improvement of instructional programs
(Step 7) 926,565
Staff Development Councils 22,041
Faculty senates 146,660
Academic Curriculum Trips 6,210
Bus Replacement 269,347
Child Nutrition: Operational Costs 3,121,363
Reserves for Federal/State Grants 3,904,715
Subtotal: Estimated Expenditures: 8,396,901
TOTAL OPERATING BUDGET:
Estimated Revenues $ 64,549,942
TOTAL OPERATING BUDGET:
Estimated Expenditures $ 64,549,942
DEBT SERVICE FUND
Estimated revenues:
Property taxes (net of allowances) $ 1,107,736
Interest on Investments 2,034
Total estimated revenues 1,109,770
Estimated beginning balance 682,268
Total estimated revenues
and beginning balance 1,792,038
Estimated expenditures:
Debt service 1,792,038
Total estimated expenditures $ 1,792,038
PERMANENT IMPROVEMENT FUND
Estimated revenues:
Local sources: $1,301,000
State sources:
WV School Building Authority Grants 5,064,331
Total estimated revenues 6,365,331
Estimated beginning balance
and Restricted Principal 105,000
Total estimated revenues
and beginning balance 6,470,331
Estimated expenditures:
Facilities 6,391,681
Restricted Principal 78,650
Total estimated expenditures $6,470,331
Bond Construction Fund
Estimated revenues:
Local sources $3,000
Total estimated revenues 3,000
Estimated beginning balance
and Restricted Principal 1,120,000
Total estimated revenues and
beginning balance 1,123,000
Estimated expenditures:
Facilities 579,100
Restricted Principal 543,900
Total estimated expenditures $1,123,000
STATE OF WEST VIRGINIA,
OHIO COUNTY, to wit:
I, Dianna M. Vargo, Secretary of the Ohio County Board of Education, do hereby certify that the foregoing is a true copy of the Statement of Estimated Revenues and Expenditures for the Fiscal Year Ended June 30, 2016, as approved by the Ohio County Board of Education on the 23rd day of March, 2015.
Dianna M. Vargo
Secretary of the Ohio County Board of Education
Int. May 11, 18, 2015
N.R. May 11, 18, 2015
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