MORGAN COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2026
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 2026 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) 12,855,949
Other local sources 799,500
State Sources:
State aid to schools 17,272,976
Federal Sources:
Unrestricted 150,000
Total estimated revenues 31,078,425
Estimated transfers in and other financing sources 28,807
Estimated beginning balance 2,347,000
Total estimated revenues, other financing sources
and beginning balance 33,454,232
ESTIMATED EXPENDITURES
Instruction 18,439,867
Supporting services:
Students 2,234,478
Instructional staff 2,137,067
Central administration 470,198
School administration 1,858,099
Central services 444,838
Operation and maintenance of facilities 3,179,917
Student transportation 2,742,420
Community services 45,000
Debt service:
Principal retirement 351,929
Total estimated expenditures 31,903,813
Total estimated transfers and other financing uses 1,049,619
Estimated budgetary reserves 500,000
Total estimated expenditures, other financing uses
and reserves 33,453,432
SPECIAL REVENUE FUND
ESTIMATED REVENUES:
Local Sources: 28,147
State Sources:
State aid to schools 703,006
Federal Sources 2,790,395
Total estimated revenues 3,521,548
Estimated transfers in and other financing sources 1,049,619
Total estimated revenues, other financing sources
and beginning balance 4,571,167
ESTIMATED EXPENDITURES:
Instruction 1,532,297
Supporting Services:
Students 2,310
Instructional staff 355,588
Business 3,515
Student transportation 248,427
Food services 2,401,023
Total estimated expenditures 4,543,159
Total estimated transfers and other financing uses 28,007
Total estimated expenditures and other financing uses 4,571,167
CAPITAL PROJECTS FUND
ESTIMATED REVENUES:
Estimated beginning balance 3,000,000
Total estimated revenues, transfers and beginning balance 3,000,000
ESTIMATED EXPENDITURES:
Capital projects 3,000,000
Total estimated expenditures 3,000,000
Total estimated expenditures and other financing uses 3,000,000
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 27th day of May, 2025.
DAVID BANKS
Secretary of the Board of Education
5-21-2tm