Legal 3 col x 12”
0610 0617
Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
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 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 EXPENSE FUND
Estimated revenues:
Local Sources:
Property Taxes (Net of allowances) $ 1,831,730
Other local sources
State Sources:
State aid to schools 14,969,098
Other unrestricted
Federal sources:
Unrestricted 190,000
Miscellaneous sources 114,500
Total estimated revenues 17,105,328
Estimated transfers in and other financing sources
Estimated beginning balance 400,000
Total estimated revenues, other financing
sources, and beginning balance $ 17,505,328
Estimated expenditures:
Instruction $ 10,443,165
Supporting services:
Students 496,934
Instructional staff 312,681
Central administration 412,885
School administration 1,251,450
Central services 310,401
Operation and maintenance of facilities 1,739,140
Students transportation 2,215,613
Food services
Community services
Capital outlay
Debt service:
Principal retirement 200,241
Interest and fiscal charges
Total estimated expenditures 17,480,328
Total estimated transfers and other financing uses 25,000
Estimated budgetary reserves
Total estimated expenditures, other financing uses,
and reserves $ 17,505,328
Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $ 25,000
State Sources:
State aid to schools 262,128
Other
Federal sources 3,122,226
Miscellaneous sources
Total estimated revenues 3,409,354
Estimated transfers in and other financing sources 25,000
Estimated beginning balance
Total estimated revenues, other financing
sources, and beginning balance $ 3,434,354
Estimated expenditures:
Instruction $ 1,784,354
Supporting services:
Students
Instructional staff
Central administration
School administration
Business
Operation and maintenance of facilities
Students transportation
Food services 1,650,000
Community services
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total estimated expenditures 3,434,354
Total estimated transfers and other financing uses
Estimated budgetary reserves
Total estimated expenditures, other financing uses $ 3,434,354
Clay COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
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 24th day of May, 2021.