STATE OF WEST VIRGINIA,
HAMPSHIRE COUNTY, to wit:
In accordance with Code §11-8-12, as amended, the Hampshire County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2016 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) $ 7,230,974
Other local sources 288,200
State Sources:
State aid to schools 19,307,670
Federal Sources:
Unrestricted 375,000
Total estimated revenues 27,201,844
Estimated transfers in and other financing sources 33,640
Estimated beginning balance 608,150
Total estimated revenues, other financing sources, and
beginning balance $ 27,843,634
Estimated expenditures:
Instruction $ 16,372,486
Supporting services:
Students 1,865,404
Instructional staff 595,430
Central administration 385,632
School administration 1,583,653
Central services 497,641
Operation and maintenance of facilities 2,915,036
Student transportation 3,228,070
Debt service:
Principal retirement 103,130
Interest and fiscal charges 4,100
Total estimated expenditures 27,550,582
Total estimated transfers and other financing uses 293,052
Estimated budgetary reserves –
Total estimated expenditures, other financing uses,
and reserves $ 27,843,634
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $ 408,164
State Sources:
State aid to schools 1,598,039
Federal sources 3,685,470
Total estimated revenues 5,691,673
Estimated transfers in and other financing sources 293,052
Estimated beginning balance –
Total estimated revenues, other financing sources, and beginning balance $ 5,984,725
Estimated expenditures:
Instruction $ 2,418,160
Supporting services:
Instructional staff 316,699
Operation and maintenance of facilities 160,659
Student transportation 487,364
Food services 2,091,189
Total estimated expenditures 5,474,071
Total estimated transfers and other financing uses 510,654
Total estimated expenditures and other financing uses $ 5,984,725
STATE OF WEST VIRGINIA
Hampshire County, to wit:
I, Jeffrey R. Crook, Secretary of the Hampshire 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 16th day of May, 2016.
Jeffrey R. Crook
Secretary of the Board of Education
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