Source: June 3, 2015 Read More →

HAMPSHIRE COUNTY BOARD OF EDUCATION

STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2016

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)    $    6,972,471
Other local sources    344,460
State Sources:
State aid to schools     17,306,164
Federal Sources:
Unrestricted    500,000
Miscellaneous sources
Total Estimated Revenues      25,123,095
Estimated transfers in and other financing sources    45,000
Estimated beginning balance    1,524,503
___________
Total estimated revenues, other financing sources, and
beginning balance    $  26,692,598
___________
___________

Estimated expenditures:
Instruction    $  15,247,058
Supporting services:
Students    1,583,150
Instructional staff    635,360
Central administration    407,870
School administration    1,590,710
Central services    449,820
Operation and maintenance of facilities    3,060,580
Student transportation    3,106,080
Debt service:
Principal retirement    154,960
Interest and fiscal charges    7,010
Total estimated expenditures      26,242,598
Total estimated transfers and other financing uses    450,000
Estimated budgetary reserves    –
___________
Total estimated expenditures, other financing uses,
and reserves    $  26,692,598
___________
___________

SPECIAL REVENUE FUND
Estimated revenues:
Local Sources    $       354,931
State Sources:
State Aid to schools      1,480,171
Federal sources    3,440,398
Total estimated revenues       5,275,500
Estimated transfers in and other financing sources         450,000
Estimated beginning balance    –
___________
Total estimated revenues other financing sources    $    5,725,500
___________
___________

Estimated expenditures:
Instruction      $    2,289,877
Supporting services:
Students
Instructional staff    328,406
Central administration    –
School administration
Business
Operation and maintenance of facilities
Student transportation    412,100
Food services    2,030,028
Community services    –
Capital outlay    –
Debt service:    –
Principal retirement    –
Interest and fiscal charges    –
Total estimated expenditures    5,060,411
Total estimated transfers and other financing uses    665,089
___________
Total estimated expenditures and other financing uses     $    5,725,500
___________
___________

DEBT SERVICE FUND
Estimated revenues:
Local sources:
Property Taxes (Net of allowances)    $              500
Other local sources    10
Total estimated revenues    $              510
___________
Total estimated revenues    $              510
___________
___________

Estimated expenditures:
Debt service    $              510
___________
Total estimated expenditures    $              510
___________
___________

STATE OF WEST VIRGINIA

Hampshire County, to wit:

I, Marianna Leone, 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 18th day of May, 2015.

Marianna Leone
Secretary of the Board of Education

5-27–2c
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