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Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
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 2024 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) $ 1,700,508
Other local sources 42,000
State Sources:
State aid to schools 15,508,406
Other unrestricted 10,000
Federal sources:
Unrestricted 125,000
Miscellaneous sources
Total estimated revenues 17,385,914
Estimated transfers in and other financing sources
Estimated beginning balance 837,000
Total estimated revenues, other financing
sources, and beginning balance $ 18,222,914
Estimated expenditures:
Instruction $ 10,614,884
Supporting services:
Students 9,000
Instructional staff 150,973
Central administration 455,750
School administration 1,245,505
Central services 351,779
Operation and maintenance of facilities 2,178,526
Students transportation 2,764,355
Food services
Community services 80,117
Capital outlay
Debt service:
Principal retirement 204,254
Interest and fiscal charges
Total estimated expenditures 18,055,143
Total estimated transfers and other financing uses 167,771
Estimated budgetary reserves
Total estimated expenditures, other financing uses,
and reserves $ 18,222,914
Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $ 18,000
State Sources:
State aid to schools 342,718
Other
Federal sources 2,856,682
Miscellaneous sources
Total estimated revenues 3,217,400
Estimated transfers in and other financing sources 167,771
Estimated beginning balance
Total estimated revenues, other financing
sources, and beginning balance $ 3,385,171
Estimated expenditures:
Instruction $ 1,916,332
Supporting services:
Students
Instructional staff
Central administration
School administration
Business
Operation and maintenance of facilities
Students transportation
Food services 1,468,839
Community services
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total estimated expenditures 3,385,171
Total estimated transfers and other financing uses
Estimated budgetary reserves
Total estimated expenditures, other financing uses $ 3,385,171
Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
STATE OF WEST VIRGINIA
Clay County, to wit:
I, Joan Haynie, 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 22nd day of May, 2023.