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
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Total estimated revenues, other financing sources, and
beginning balance $ 26,692,598
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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 –
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Total estimated expenditures, other financing uses,
and reserves $ 26,692,598
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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 –
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Total estimated revenues other financing sources $ 5,725,500
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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
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Total estimated expenditures and other financing uses $ 5,725,500
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DEBT SERVICE FUND
Estimated revenues:
Local sources:
Property Taxes (Net of allowances) $ 500
Other local sources 10
Total estimated revenues $ 510
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Total estimated revenues $ 510
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Estimated expenditures:
Debt service $ 510
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Total estimated expenditures $ 510
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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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