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Marion Co. Board of Edu Statement of Est.

MARION COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED
REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2017
STATE OF WEST VIRGINIA,
MARION COUNTY, to wit:
In accordance with West Virginia Code ยง11-8-12 as amended, the Marion County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2017 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) $ 31,746,232
Other local sources 825,000
State Sources:
State aid to schools 29,096,322
Other unrestricted 18,984,908
Federal Sources:
Unrestricted 150,000
Total estimated revenues $80,802,462
Estimated beginning balance 3,000,000
Total estimated revenues, other financing
sources, and beginning balance $ 83,802,462
Estimates; expenditures:
Instruction $ 50,115,193
Supporting services:
Students 2,118,997
Instructional staff 1,560,987
Central administration 1,398,950
School administration 5,189,357
Central services 792,253
Operation and maintenance
of facilities 10,712,685
Student transportation 6,258,699
Food Service –
Community services 95,350
Debt service:
Principal retirement 0
Total estimated expenditures 78,242,471
Total estimated transfers and
other financing uses 1,787,270
Estimated budgetary reserves 3,772,721
Total estimated expenditures, other
financing uses, and reserves $ 83,802,462
MARION COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES
AND EXPENDITURES FOR THE FISCAL
YEAR ENDED JUNE 30, 2018
DEBT SERVICE FUND
Estimated revenues:
Local sources: $ 860.267
State Sources:
State aid to schools
other 2,641,316
Federal Sources 2,817,422
Total estimated revenues 6,319,005
Estimated transfers in and other
financing sources 1,744,591
transfers and beginning balance $ 8,063,596
Estimated expenditures:
Instruction $2,098,932
Supporting services:
Students
Instructional staff 24,671
Central administration
School administration
Business 7,985
Operation and maintenance of facilities
Student transportation 509,728
Food Services 5,422,280
Community Services
Capital Outlay
Debt service
Principal retirement
Interest and fiscal charges
Total estimated expenditures 8,063,596
Total estimated transfers and other
financing uses
Total estimated expenditures and
other financing uses $ 8,063,596
DEBT SERVICE FUND
Estimated revenues:
Local sources:
Property Taxes (Net of allowances) $ 1,909,700
Other local sources
Miscellaneous sources
Total estimated revenues 1,909,700
Estimated transfers in and
other financing sources
Estimated beginning balance
Total estimated revenues,
transfers and beginning balance $ 1,909,700
Estimated Expenditures:
Debt service $1,909,700
Total estimated expenditures 1,909,700
Total estimated transfer and other
financing uses
Total estimated expenitures and other
financing uses $ 1,909,700
Gary Price
Secretary of the Board of Education
Times: May 6, 13, 2017