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0616 0623
Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
STATE OF WEST VIRGINIA
CLAY COUNTY, to wit:
In accordance with West Virginia Code §11-8-12, as amended, the Clay County Board of Education proceeded to make an estimate of the amounts necessary to be raised by levy of taxes for the 2023 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 allowances) $ 1,631,685
Other local sources
State Sources:
State aid to schools 14,610,554
Other unrestricted
Federal sources:
Unrestricted 90,000
Miscellaneous sources 52,500
Total estimated revenues 16,384,739
Estimated transfers in and other financing sources
Estimated beginning balance 687,000
Total estimated revenues, other financing
sources, and beginning balance $ 17,071,739
Estimated expenditures:
Instruction $ 10,383,394
Supporting services:
Students 149,884
Instructional staff 48,000
Central administration 425,885
School administration 1,266,494
Central services 322,075
Operation and maintenance of facilities 1,870,661
Students transportation 2,291,156
Food services
Community services 88,211
Capital outlay
Debt service:
Principal retirement 200,979
Interest and fiscal charges
Total estimated expenditures 17,046,739
Total estimated transfers and other financing uses 25,000
Estimated budgetary reserves
Total estimated expenditures, other financing uses,
and reserves $ 17,071,739
Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $ 12,000
State Sources:
State aid to schools 267,612
Other
Federal sources 3,227,865
Miscellaneous sources
Total estimated revenues 3,507,477
Estimated transfers in and other financing sources 25,000
Estimated beginning balance
Total estimated revenues, other financing
sources, and beginning balance $ 3,532,477
Estimated expenditures:
Instruction $ 1,895,477
Supporting services:
Students
Instructional staff
Central administration
School administration
Business
Operation and maintenance of facilities
Students transportation
Food services 1,637,000
Community services
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total estimated expenditures 3,532,477
Total estimated transfers and other financing uses
Estimated budgetary reserves
Total estimated expenditures, other financing uses $ 3,532,477
Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
STATE OF WEST VIRGINIA
Clay County, to wit:
I, Joe Paxton, Secretary of the Clay County Board of Education, do hereby certify that the foregoing is a true copy of the proposed budget being considered for adoption by the board of education on the 23rd day of May, 2022.