MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2026
STATE OF WEST VIRGINIA, MERCER COUNTY, to wit:
In accordance with West Virginia Code §11-8-12 as amended, the Mercer County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2026 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) $ 13,841,020
Other local sources 1,242,160
State Sources:
State aid to schools 52,204,330
Other unrestricted 26,261,930
Miscellaneous sources
Total estimated revenues 93,549,440
Estimated transfers in and other financing sources 32,920
Estimated beginning balance 16,321,580
Total estimated revenues, other financing sources, and beginning balance $ 109,903,940
Estimated expenditures:
Instruction $ 65,312,810
Supporting services:
Students 5,331,010
Instructional staff 1,995,900
Central administration 1,274,550
School administration 7,656,070
Central services
2,344,090
Operation and maintenance of facilities 5,919,380
Student transportation 7,715,370
Food services –
Community services 451,060
Total estimated expenditures 98,000,240
Total estimated transfers and other financing uses 1,844,870
Estimated budgetary reserves 10,058,830
Total estimated expenditures, other financing uses, and reserves $ 109,903,940
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2026
EXCESS LEVY FUND
Estimated revenues:
Local Sources $ 16,707,940
State Sources:
State aid to schools –
Other –
Federal sources –
Miscellaneous sources –
Total estimated revenues 16,707,940
Estimated transfers in and other financing sources 502,030
Estimated beginning balance –
Total estimated revenues, other financing sources, and beginning balance $ 17,209,970
Estimated expenditures: Instruction $ 4,534,650
Supporting services:
Students 657,600
Instructional staff 112,860
Central administration 95,350
School administration 215,010
Business 430,620
Operation and maintenance of facilities 7,269,640
Student transportation 359,420
Community services 85,000
Capital Outlay 1,750,000
Debt service: Principal retirement 514,870
Total estimated expenditures 16,025,020
Total estimated transfers and other financing uses 1,184,950
Total estimated expenditures and other financing uses $ 17,209,970
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2026
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $
State Sources:
State aid to schools 824,170
Other 1,314,240
Federal sources 15,938,110
Miscellaneous sources –
Total estimated revenues 18,076,520
Estimated transfers in and other financing sources 1,844,870
Estimated beginning balance –
Total estimated revenues, other financing sources, and beginning balance $ 19,921,390
Estimated expenditures: Instruction $ 7,387,600
Supporting services:
Students 2,081,630
Instructional staff 1,132,170
Operation and maintenance of facilities 275,890
Food services 9,044,100
Community services –
Capital Outlay –
Total estimated expenditures 19,921,390
Total estimated expenditures and other financing uses $ 19,921,390
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2026
CAPITAL PROJECTS FUND
Estimated revenues:
Local sources:
Property Taxes (Net of allowances) $ –
Other local sources –
Miscellaneous sources 1,000,000
Total estimated revenues 1,000,000
Estimated transfers in and other financing sources –
Estimated beginning balance 2,500,000
Total estimated revenues, transfers, and beginning balance $ 3,500,000
Estimated expenditures:
Capital projects $ 3,500,000
Total estimated expenditures 3,500,000
Total estimated expenditures and other financing uses $ 3,500,000
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2026
PERMANENT IMPROVEMENT FUND
Estimated revenues:
Local sources:
Property Taxes (Net of allowances) $ –
Other local sources –
Total estimated revenues –
Estimated transfers in and other financing sources 650,000
Estimated beginning balance 5,727,600
Total estimated revenues, transfers, and beginning balance $ 6,377,600
Estimated expenditures: Capital projects $ 5,627,600
Total estimated expenditures 5,627,600
Total estimated transfers and other financing uses 750,000
Total estimated expenditures and other financing uses $ 6,377,600
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2026
STATE OF WEST VIRGINIA, Mercer County, to wit:
I, Edward T. Toman, Secretary of the Mercer 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 27th day of
May, 2025.
/s/ Edward T. Toman
Secretary of the Board of Education
ID: 868895
