HAMPSHIRE COUNTY, WEST VIRGINIA BOARD OF EDUCATION
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – GOVERNMENTAL FUNDS
FYE JUNE 30, 2025
11 65 21 31 41
General 61 Special Revenue 71 Debt Bond Permanent Current Special School Activity Special Revenue Service Construction Improvement Total
Expense Revenue Fund ESSERF Fund Fund Fund Governmental
Revenues:
Property Taxes $ 8,507,787 $ – $ – $ – $ 3,323,316 $ – $ – $ 11,831,103
Other Local sources 366,286 320,903 1,389,129 – 143,611 419,252 – 2,639,181
State sources 23,798,386 1,381,957 – – – 5,856,202 – 31,036,545
Federal sources 310,838 4,845,894 – 6,250 – – – 5,162,982
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Total revenues 32,983,297 6,548,754 1,389,129 6,250 3,466,927 6,275,454 – 50,669,811
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Expenditures:
Instruction 18,902,568 2,851,066 1,299,340 6,185 – – – 23,059,159
Supporting services:
Students 2,461,602 676,676 – – – – – 3,138,278
Instructional staff 516,996 636,719 – – – – – 1,153,715
General administration 414,471 – – – – – – 414,471
School administration 1,706,170 – – – – – – 1,706,170
Central services 938,279 6,976 – – – – – 945,255
Operation and maintenance of facilities 3,711,704 37,469 – 2,995 – – – 3,752,128
Student transportation 4,901,078 113,989 – – – – – 5,015,067
Other support services 2,403 – – – – – – 2,403
Food services 82,298 2,395,816 – 5,013 – – – 2,482,127
Capital outlay 145,827 – – – – 12,825,953 – 12,971,780
Debt service:
Principal retirement – – – – 2,550,000 – – 2,550,000
Interest and fiscal charges – – – – 383,200 – – 383,200
Finance Leases
Principal payment expense 56,899 – – – – – – 56,899
Interest Expense 14,402 – – – – – – 14,402
SBITAs
Principal payment expense 67,598 – – – – – – 67,598
Interest expense 16,300 – – – – – – 16,300
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Total expenditures 33,938,595 6,718,711 1,299,340 14,153 2,933,200 12,825,953 – 57,729,953
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Excess (deficiency) of revenues over expenditures (955,298) (169,957) 89,789 (7,903) 533,727 (6,550,499) – (7,060,141)
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Other financing sources (uses):
Proceeds from disposal of real or personal property 120,975 – – – – – – 120,975
Proceeds from finance lease – – – – – – – –
Proceeds from financed purchases – – – – – – – –
Proceeds from SBITAs – – – – – – – –
Transfers in 126,698 521,429 105,370 – – – – 753,497
Transfers (out) (496,810) (140,498) (116,037) (152) – – – (753,497)
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Total other financing sources (uses) (249,137) 380,931 (10,667) (152) – – – 120,975
Net change in fund balances (1,204,435) 210,974 79,122 (8,055) 533,727 (6,550,499) – (6,939,166)
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Fund balances – beginning 4,095,370 700,201 1,015,503 – 1,501,816 5,766,010 191,000 13,269,900
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Prior period adjustments – (See Note 12) 8,577 (16,632) – 8,055 – – – –
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Fund balances – beginning, as restated 4,103,947 683,569 1,015,503 8,055 1,501,816 5,766,010 191,000 13,269,900
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Fund balances – ending $ 2,899,512 $ 894,543 $ 1,094,625 $ – $ 2,035,543 $ (784,489) $ 191,000 $ 6,330,734
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