Mercer

Legal Notice

MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2022

STATE OF WEST VIRGINIA, MERCER COUNTY, to wit:
In accordance with West Virginia Code ยง11-8-12 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 2022 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) $ 24,886,067
Other local sources 18,800
State Sources:
State aid to schools 63,456,104
Federal sources:
Unrestricted 250,000
Total estimated revenues 88,610,971
Estimated transfers in and other financing sources 1,337,769
Estimated beginning balance 1,649,000
Total estimated revenues, other financing sources, and beginning balance $ 91,597,740

Estimated expenditures:
Instruction $ 53,466,466
Supporting services:
Students 4,938,061
Instructional staff 1,710,628
Central administration 1,077,900
School administration 6,520,402
Central services 1,941,038
Operation and maintenance of facilities 9,631,239
Student transportation 7,038,581
Community services 527,536
Debt service:
Principal retirement 116,670
Total estimated expenditures 86,968,521
Total estimated transfers and other financing uses 4,629,219
Total estimated expenditures, other financing uses, and reserves $ 91,597,740

MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2022

SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $ 28,292
State Sources:
State aid to schools 430,188
Other 596,032
Federal sources 15,931,168
Total estimated revenues 16,985,680
Estimated transfers in and other financing sources 2,522,456
Total estimated revenues, other financing sources, and beginning balance $ 19,508,136

Estimated expenditures: Instruction $ 4,565,688
Supporting services:
Students 1,359,000
Instructional staff 1,037,538
Operation and maintenance of facilities 110,580
Food services 8,729,305
Total estimated expenditures 15,802,111
Total estimated transfers and other financing uses 3,706,025
Total estimated expenditures and other financing uses $ 19,508,136

MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2022

FEDERAL STIMULUS AND STABILIZATION FUND

Estimated revenues:
Federal sources: 1,943,920
Total estimated revenues 1,943,920
Total estimated revenues $ 1,943,920

Estimated expenditures:
Instruction $ 854,340
Support services:
Operation and maintenance of facilities 677,690
Student transportation 411,890
Total estimated expenditures 1,943,920
Total estimated expenditures $ 1,943,920

MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2022

CAPITAL PROJECTS FUND
Estimated revenues:
Local sources:
Total estimated revenues 30,000
Estimated beginning balance 30,000
Total estimated revenues 6,000,000
Total estimated revenues, transfers, and beginning balance $ 6,030,000

Estimated expenditures:
Capital projects $ 6,030,000
Total estimated expenditures 6,030,000
Total estimated expenditures and other financing uses $ 6,030,000

MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2022

PERMANENT IMPROVEMENT FUND
Estimated revenues: Estimated transfers in and other financing sources 552,714
Estimated beginning balance 2,513,100
Total estimated revenues, transfers, and beginning balance $ 3,065,814

Estimated expenditures: Capital projects $ 3,065,814
Total estimated expenditures 3,065,814
Total estimated expenditures and other financing uses $ 3,065,814

MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2022

STATE OF WEST VIRGINIA, Mercer County, to wit:
I, Deborah S. Akers, 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 25th day of May, 2021.
Secretary of the Board of Education

ID: 501504