MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
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 2023 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) $25,581,207
Other local sources 8,250
State Sources:
State aid to schools 66,012,017
Federal sources:
Unrestricted 250,000
Total estimated revenues 91,851,474
Estimated transfers in and other financing sources 1,389,950
Estimated beginning balance 1,700,000
Total estimated revenues, other financing sources,
and beginning balance $ 94,941,424
Estimated expenditures:
Instruction $ 55,644,534
Supporting services:
Students 4,970,950
Instructional staff 1,929,927
Central administration 1,073,530
School administration 6,749,220
Central services 2,036,660
Operation and maintenance of facilities 8,962,716
Student transportation 6,040,800
Community services 546,270
Capital outlay 287,200
Debt service:
Principal retirement 116,670
Total estimated expenditures 88,358,477
Total estimated transfers and other financing uses 6,582,947
Total estimated expenditures, other financing uses,
$ 94,941,424
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $ 1,290
State Sources:
State aid to schools 1,073,508
Federal sources 13,250,519
Total estimated revenues 14,325,317
Estimated transfers in and other financing sources 3,393,384
Total estimated revenues and other financing
sources, $ 17,718,701
Estimated expenditures:
Instruction $ 4,984,159
Supporting services:
Students 1,415,890
Instructional staff 1,124,494
Operation and maintenance of facilities 196,750
Food services 7,387,300
Total estimated expenditures 15,108,593
Total estimated transfers and other financing uses 2,610,108
Total estimated expenditures and other financing
uses $ 17,718,701
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
FEDERAL STIMULUS AND STABILIZATION FUND
Estimated revenues:
Federal Sources $4,511,570
Total estimated revenues 4,511,570
Total estimated revenues $ 4,511,570
Estimated expenditures:
Instruction $ 1,997,910
Supporting services:
Central administration 71,820
Business
Operation and maintenance of facilities 1,165,470
Student Transportation 1,276,370
Total estimated expenditures 4,511,570
Total estimated expenditures $ 4,511,570
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
PERMANENT IMPROVEMENT FUND
Estimated revenues:
Estimated transfers in and other financing sources 552,714
Estimated beginning balance 2,400,000
Total estimated revenues and beginning balance $ 2,952,714
Estimated expenditures:
Capital projects $ 2,236,704
Debt service:
Principal retirement 565,740
Interest and fiscal charges 150,270
Total estimated expenditures 2,952,714
Total estimated expenditures $ 2,952,714
MERCER COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
CAPITAL PROJECTS FUND
Estimated revenues:
Local sources: Other local sources $ 20,000
Total estimated revenues 20,000
Estimated beginning balance 6,000,000
Total estimated revenues and beginning balance $ 6,020,000
Estimated expenditures:
Capital projects $ 6,020,000
Total estimated expenditures 6,020,000
Total estimated expenditures $ 6,020,000
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 24th day of May, 2022.
Edward T. Towman,
Secretary of the Board of Education
ID: 604479