Raleigh County Board of Education
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
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 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 EXPENSE FUND
Estimated revenues:
Local Sources: Property taxes (Net of all allowances) $ 46,475,553
Other local sources 602,000
State Sources: State aid to schools 61,278,454
Retirement & PEIA Allocation 29,599,346
Restricted – Special Revenue Accounts 306,868
Other unrestricted 101,000
Federal Sources: Unrestricted 650,000
Miscellaneous sources: Indirect Cost & Other Miscellaneous 455,884
Total estimated revenues 139,469,105
Estimated beginning balance – July 1, 2023 3,990,455
Total Estimated Revenues/ Beginning Balance $ 143,459,560
Estimated expenditures:
Regular Pre K-12 education programs $ 65,770,172
Special education programs 16,039,999
Vocational education programs 3,719,000
Out of School Environment 938,000
Alternative Education 13,000
Universal Service Funding 205,884
Medicaid Program 350,000
Excess Levy Restricted Projects 6,146,514
Adult/Continuing education programs 112,000
Community services programs 426,946
Operation and Maintenance of Plant 15,948,999
Student Transportation Services 14,005,362
Support Services – Students, Instructional Staff, and Other 17,947,029
Building and Site Improvement 200,000
Interfund Transfers 1,636,655
Total estimated expenditures $ 143,459,560
Raleigh County Board of Education
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources: Child Nutrition Program Collections $ 1,021,532
Transfers From General Fund 847,214
Other local sources 345,793
State Sources: Restricted – Child Nutrition Program 0
State Aid Support – Special Revenue Accounts 2,160,447
Restricted – Special Revenue Accounts 2,378,953
Federal Sources: Restricted – Special Revenue Accounts 9,540,495
Restricted – Child Nutrition Program 6,684,17
Total estimated revenues $ 22,978,604
Estimated expenditures:
Regular Pre K-12 education programs $ 6,112,178
Special education programs 3,570,536
Vocational education programs 769,995
Adult/Continuing education programs 2,129,262
Child Nutrition Program – Centralized 8,444,000
Support services 1,952,633
Total estimated expenditures 22,978,604
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 $ 16,203,242
Total estimated revenues $ 16,203,242
Estimated expenditures:
Regular Pre K-12 education programs $ 931,547
Special education programs 1,474,307
Vocational education programs
Out of School Environment 90,149
Child Nutrition Program – Centralized 0
Adult/Continuing education programs
Community services programs 628,487
Operation and Maintenance of Plant 0
Support services 578,752
Building and Site Improvement 12,500,000
Total estimated expenditures 16,203,242
Raleigh County Board of Education
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
PERMANENT IMPROVEMENT FUND
Estimated revenues:
Estimated Beginning Treasurer’s Balance $ 11,600,000
Total Estimated Revenue/Beginning Balance $ 11,600,000
Estimated expenditures:
Transfers to Capital Projects Fund $ 11,600,000
Total Estimated Expenditures $ 11,600,000
Raleigh County Board of Education
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
CAPITAL PROJECTS FUND
Estimated revenues:
Local sources:
Property Taxes (Net of allowances) $
Other local sources
State Sources:
Restricted – School Building Authority 2,500,000
Total estimated revenues 2,500,000
Estimated transfers in and other financing sources 11,600,000
Estimated beginning balance
Total estimated revenues, transfers, and beginning balance $ 14,100,000
Estimated expenditures:
Capital projects $ 14,100,000
Total estimated expenditures 14,100,000
Total estimated transfers and other financing uses
Total estimated expenditures and other financing uses $ 14,100,000
Raleigh County Board of Education
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
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 12, 2023 and was adopted by the board of education on May 23, 2023.
Charles D. Price
Secretary of the Board of Education