PENDLETON COUNTY
BOARD OF EDUCATION
STATEMENT OF ESTIMATED
REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED
JUNE 30, 2022
STATE OF WEST VIRGINIA,
PENDLETON COUNTY, to wit:
In accordance with West Virginia Code §11-8-12 as amended, the Pendleton County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2021-2022 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) $ 3,104,700 Other local sources 196,000 State Sources:
State aid to schools 6,390,180 Retirement, Insurance, Retirement
Liability 3,100,663 Other unrestricted 15,000
Step 7 344,229 Local Share – Technology 140,137
Federal sources:
Unrestricted 242,200
Total estimated revenues 13,533,109
Estimated transfers in and other
financing sources 15,400
Estimated beginning balance 614,200
Total estimated revenues, other financing
sources, and beginning balance $ 14,162,709
Estimated expenditures:
Instruction $ 7,471,300 Supporting services:
Students 937,200 Instructional staff 357,900 Central administration 421,100
School administration 723,300
Central services/Personnel 325,700 Operation and maintenance of
facilities 1,272,500 Student transportation 1,584,200 Food services 31,200
Community services 11,300
Debt service:
Principal retirement 69,300
Interest and fiscal charges 6,900
Total estimated expenditures.. 13,211,900
Total estimated transfers and other
financing uses 196,709
Reserve for contingencies 754,100
Total estimated expenditures, other financing
uses, and reserves $ 14,162,709
PERMANENT IMPROVEMENT FUND
Estimated revenues:
Local Sources $ –
State Sources
State aid to schools –
Other
Federal sources –
Miscellaneous sources
Total estimated revenues –
Total Beginning Balance –
Estimated transfers in and other financing
sources 50,000
Estimated beginning balance
Total estimated revenues, other financing
sources $ 50,000
Estimated expenditures:
Instruction $ –
Supporting services:
Students
Instructional staff
Central administration School administration Business
Food services –
Community services
Capital outlay 50,000
Total estimated expenditures 50,000
Total estimated transfers and other financing
uses –
Total estimated expenditures and other
financing uses $ 50,000
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources.. $16,900 State Sources:
State aid to schools 130,835 Federal sources 1,350,212
Total estimated revenues 1,497,947
Total Beginning Balance 92,400
Estimated transfers in and other financing
sources 6,628
Total estimated revenues, other financing
sources, and beginning balance $ 1,596,975
Estimated expenditures:
Instruction $ 726,975 Food services 854,600
Total estimated expenditures.. 1,581,575
Total estimated transfers and other
financing uses 15,400
Total estimated expenditures, and other
financing uses $ 1,596,975
STATE OF WEST VIRGINIA,
PENDLETON County, to wit:
I, Charles F. Hedrick, Secretary of the PENDLETON County Board of Education, do hereby certify that the foregoing is a true copy of the proposed budget adopted by the board of education on the 18th day of May, 2021.
Charles F. Hedrick
5-27-2c Secretary of the Board of Education