FAYETTE COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUE AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
STATE OF WEST VIRGINIA,
FAYETTE COUNTY, to wit:
In accordance with West Virginia Code §11-8-12 as amended, the Fayette County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2025 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 Special
Expense Revenue
Fund Fund
Estimated Revenues:
Local Sources:
Property taxes (Net of allowances) $ 22,589,315 $
Other Local sources 440,000 92,788
State Sources:
State aid to schools 50,329,845 –
Other unrestricted – 1,134,463
Federal Sources:
Restricted 75,000 8,811,024
Unrestricted 25,000 –
Miscellaneous sources
Total estimated revenues 73,459,160 10,038,275
Estimated transfers in and other financing sources 3,437,890 1,279,257
Estimated beginning balance 5,000,000 –
Total estimated revenues, other financing sources,
and beginning balance $ 81,897,050 $ 11,317,531
Expenditures:
Instruction $ 42,895,873 $ 5,013,939
Supporting services:
Students 4,244,623 393,288
Instructional staff 1,583,307 539,793
Central administration 1,504,088 –
School administration 4,352,937 –
Support Service Central 1,378,141 –
Operation and maintenance of facilities 8,045,010 –
Student transportation 9,021,958 47,126
Food services 49 4,654,153
Community services 56,500 –
Capital outlay
Debt service 2,121,416 –
Total estimated expenditures 75,203,903 10,648,299
Total estimated transfers and other financing uses 4,618,030 99,117
Estimated budgetary reserves 2,075,118 570,115
Total estimated expenditures, other financing uses,
and reserves $ 81,897,050 $ 11,317,531
I, Gary Hough, Secretary of the Fayette County Board of Education, do hereby certify that the foregoing is a true copy of the budget adopted by the Fayette County Board of Education on the 7th day of May, 2024.
Gary Hough
Secretary of the Fayette County Board of Education