Raleigh County Board of Education
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
STATE OF WEST VIRGINIA,
Raleigh County, To Wit:
In accordance with West Virginia Code ยง11-8-12 as amended, the Raleigh 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 all allowances) $ 44,416,203
Other local sources 587,000
State Sources: State aid to schools 54,536,952
Retirement & PEIA Allocation 27,442,300
Restricted – Special Revenue Accounts 471,697
Other unrestricted 102,000
Federal Sources: Unrestricted 650,000
Miscellaneous sources: Indirect Cost & Other Miscellaneous 480,884
Total estimated revenues 128,687,036
Estimated beginning balance – July 1, 2022 6,274,704
Total Estimated Revenues/ Beginning Balance $ 134,961,740
Estimated expenditures:
Regular Pre K-12 education programs $ 62,272,796
Special education programs 13,111,500
Vocational education programs 3,741,500
Out of School Environment 901,000
Alternative Education 18,000
Universal Service Funding 205,884
Medicaid Program 350,000
Excess Levy Restricted Projects 6,146,368
Adult/Continuing education programs 106,000
Community services programs 426,946
Operation and Maintenance of Plant 15,543,000
Student Transportation Services 13,017,465
Support Services – Students, Instructional Staff, and Other 16,202,604
Building and Site Improvement 450,000
Interfund Transfers 2,468,677
Total estimated expenditures $ 134,961,740
Raleigh 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: Child Nutrition Program Collections $ 423,086
Transfers From General Fund 1,755,555
Other local sources 191,000
State Sources: Restricted – Child Nutrition Program 0
State Aid Support – Special Revenue Accounts 1,258,311
Restricted – Special Revenue Accounts 2,440,502
Federal Sources: Restricted – Special Revenue Accounts 10,004,122
Restricted – Child Nutrition Program 5,927,258
Total estimated revenues $ 21,999,861
Estimated expenditures:
Regular Pre K-12 education programs $ 6,614,461
Special education programs 3,577,277
Vocational education programs 669,270
Adult/Continuing education programs 1,990,004
Child Nutrition Program – Centralized 7,992,000
Support services 1,156,849
Total estimated expenditures 21,999,861
Raleigh County Board of Education
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
SPECIAL REVENUE FUND – ELEMENTARY & SECONDARY SCHOOLS EMERGENCY RELIEF FUNDING (ESSERF)
Estimated revenues:
Local Sources:
Other local sources $
State Sources:
State aid to schools
Other
Federal Sources:
Restricted $ 17,346,000
Total estimated revenues $ 17,346,000
Estimated expenditures:
Regular Pre K-12 education programs $ 950,438
Special education programs 988,231
Vocational education programs
Out of School Environment 86,024
Child Nutrition Program – Centralized 0
Adult/Continuing education programs
Community services programs 477,129
Operation and Maintenance of Plant 0
Support services 459,091
Building and Site Improvement 14,385,087
Total estimated expenditures 17,346,000
Raleigh County Board of Education
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
PERMANENT IMPROVEMENT FUND
Estimated revenues:
Estimated Beginning Treasurer’s Balance $ 5,260,328
Total Estimated Revenue/Beginning Balance $ 5,260,328
Estimated expenditures:
Transfers to Capital Projects Fund $ 5,260,328
Total Estimated Expenditures $ 5,260,328
Raleigh 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:
Property Taxes (Net of allowances) $ –
Other local sources
State Sources:
Restricted – School Building Authority 5,260,328
Total estimated revenues 5,260,328
Estimated transfers in and other financing sources 4,739,672
Estimated beginning balance
Total estimated revenues, transfers, and beginning balance $ 10,000,000
Estimated expenditures:
Capital projects $ 10,000,000
Total estimated expenditures 10,000,000
Total estimated transfers and other financing uses
Total estimated expenditures and other financing uses $ 10,000,000
STATE OF WEST VIRGINIA,
Raleigh County, To Wit:
I Charles D Price, Secretary of the Raleigh County Board of Education, do hereby certify that the foregoing is a true copy of the proposed budget that is available for public inspection beginning May 13, 2022 and was adopted by the board of education on May 24, 2022.
Charles D. Price
Secretary of the Board of Education