FAYETTE COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
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 2024 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 CARES
Fund Fund Fund
Estimated Revenues
Local Sources:
Property taxes (Net of allowances) $ 21,645,201 $
Other Local sources 340,000 95,703
State Sources:
State aid to schools 47,213,237 – –
Other unrestricted – 1,380,245 –
Federal Sources:
Restricted 75,000 8,733,184 1,580,847
Unrestricted 40,000 – –
Miscellaneous sources
Total estimated revenues 69,313,438 10,209,132 1,580,847
Estimated transfers in and other
financing sources 2,920,606 1,312,222 –
Estimated beginning balance 5,000,000 – –
Total estimated revenues, other
financing sources, and beginning balance $ 77,234,044 $ 11,521,353 1,580,847
Expenditures:
Instruction$ 40,596,050 $ 4,807,150 1,388,896
Supporting services:
Students 3,938,548 366,747 191,951
Instructional staff 1,321,711 265,347 –
Central administration 1,456,596 – –
School administration 4,209,832 – –
Support Service Central 1,279,225 – –
Operation and maintenance of facilities 7,004,661 – –
Student transportation 7,773,577 42,575 –
Food services – 4,160,191 –
Community services 56,500 – –
Capital outlay
Debt service 2,182,841 – –
Total estimated expenditures 69,819,539 9,642,010 1,580,847
Total estimated transfers and other
financing uses 4,158,108 108,214 –
Estimated budgetary reserves 3,256,397 1,771,130 –
Total estimated expenditures, other
financing uses, and reserves $ 77,234,044 $ 11,521,353 1,580,847
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 16th day of May, 2023.
Gary Hough
Secretary of the Fayette County Board of Education