MORGAN COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2027
STATE OF WEST VIRGINIA
MORGAN COUNTY, to wit:
In accordance with West Virginia Code §11-8-12, as amended, the Morgan
County Board of Education proceeded to make an estimate of the amounts
necessary to be raised by a levy of taxes for the 2027 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
ES TIMATED REVENUES:
Local Sources:
Property taxes (Net of allowances) 13,681,535
Other local sources 849,500
State Sources:
State aid to schools 16,639,347
Federal Sources:
Unrestricted 150,000
Miscellaneous Sources:
Total estimated revenues 31,320,382
Estimated transfers in and other financing sources 25,680
Estimated beginning balance 3,347,000
Total estimated revenues, other financing sources
and beginning balance 34,693,062
ESTIMATED EXPENDITURES
Instruction 18,216,311
Supporting services:
Students 2,419,170
Instructional staff 2,103,125
Central administration 474,888
School administration 1,797,173
Central services 433,486
Operation and maintenance of facilities 2,999,837
Student transportation 3,021,446
Community services 45,000
Debt service:
Principal retirement 357,976
Total estimated expenditures 31,868,413
Total estimated transfers and other financing uses 1,089,987
Estimated budgetary reserves 1,734,663
Total estimated expenditures, other financing uses
and reserves 34,693,062
SPECIAL REVENUE FUND
ESTIMATED REVENUES:
Local Sources: 26,087
State Sources:
State aid to schools 869,562
Federal Sources 2,621,625
Total estimated revenues 3,517,274
Estimated transfers in and other financing sources 1,089,987
Total estimated revenues, other financing sources
and beginning balance 4,607,261
ESTIMATED EXPENDITURES:
Instruction 1,419,087
Supporting Services:
Students 2,308
Instructional staff 527,020
Central administration 3,539
Student transportation 234,189
Food services 2,395,437
Total estimated expenditures 4,581,580
Total estimated transfers and other financing uses 25,680
Total estimated expenditures and other financing uses 4,607,261
CAPITAL PROJECTS FUND
ESTIMATED REVENUES:
Estimated beginning balance 2,900,000
Total estimated revenues, transfers and beginning balance 2,900,000
ESTIMATED EXPENDITURES:
Capital projects 2,900,000
Total estimated expenditures 2,900,000
Total estimated expenditures and other financing uses 2,900,000
STATE OF WEST VIRGINIA,
MORGAN COUNTY, to wit:
I, David Banks, Secretary of the Morgan 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 19th day of May, 2026.
DAVID BANKS
Secretary of the Board of Education
5-13-2tm