FAYETTE COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
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 2022 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 CARES
Fund Fund FUND
Estimated Revenues:
Local Sources:
Property taxes (Net of allowances) $ 18,735,668 $ –
Other Local sources 289,643 8,503 –
State Sources:
State aid to schools 43,724,659 – –
Other unrestricted – 1,289,973 –
Federal Sources:
Restricted 70,000 8,899,863 1,604,261
Unrestricted 50,000 – –
Miscellaneous sources
Total estimated revenues 62,869,970 10,198,339 1,604,261
Estimated transfers in and other financing sources 2,253,146 731,615 –
Estimated beginning balance 5,000,000 – –
Total estimated revenues, other financing sources,
and beginning balance $ 70,123,116 $ 10,929,954 1,604,261
Expenditures:
Instruction $ 38,587,737 $ 4,925,584 1,562,444
Supporting services:
Students 3,415,091 327,069 –
Instructional staff 1,287,103 225,974 –
Central administration 1,484,705 – –
School administration 4,047,332 – 41,817
Support Service Central 982,458 – –
Operation and maintenance of facilities 6,672,814 – –
Student transportation 6,578,502 39,209 –
Food services – 4,117,854 –
Community services 59,500 – –
Capital outlay
Debt service 1,844,418 – –
Total estimated expenditures 64,959,660 9,635,691 1,604,261
Total estimated transfers and other financing uses 2,905,669 79,093 –
Estimated budgetary reserves 2,257,787 1,215,170 –
Total estimated expenditures, other financing uses,
and reserves $ 70,123,116 $ 10,929,954 1,604,261
I, Gary Hough, 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 11th day of May, 2021.
Gary Hough
Secretary of the Fayette County Board of Education