RANDOLPH COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
STATE OF WEST VIRGINIA,
RANDOLPH COUNTY, to wit:
In accordance with West Virginia Code section 11-8-12 as amended, the Randolph County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2023 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) $8,351,345
Other local sources 94,000
State Sources:
State aid to schools 25,178,101
Other unrestricted 1,528,865
Federal sources:
Unrestricted 375,000
Miscellaneous sources 125,000
Total estimated revenues 35,652,311
Estimated transfers in and other financing sources 145,000
Estimated beginning balance 1,300,000
Total estimated revenues, other financing
sources, and beginning balance $37,097,311
Estimated expenditures:
Instruction $21,566,762
Supporting services:
Students 1,826,140
Instructional staff 680,340
Central administration 609,044
School administration 2,566,694
Central services 527,128
Operation and maintenance of facilities 4,318,578
Student transportation 3,230,761
Food services
Community services 237,717
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total estimated expenditures 35,563,164
Total estimated transfers and other financing uses 1,104,471
Estimated budgetary reserves 429,676
Total estimated expenditures, other financing
uses, and reserves $37,097,311
RANDOLPH COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources
State Sources:
State aid to schools $732,023
Other 28,075
Federal sources 5,025,236
Miscellaneous sources
Total estimated revenues 5,785,334
Estimated transfers in and other financing sources 1,104,471
Estimated beginning balance 100,000
Total estimated revenues, other financing
sources, and beginning balance $6,989,805
Estimated expenditures:
Instruction
Supporting services:
Students
Instructional staff
Central administration
School administration
Business
Operation and maintenance of facilities
Student transportation
Food services $3,019,948
Community services
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total estimated expenditures 3,019,948
Total estimated transfers and other financing uses 3,969,857
Total estimated expenditures and other financing uses $6,989,805
RANDOLPH COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
FEDERAL STIMULUS AND STABILIZATION FUND
Estimated revenues:
Local Sources
State Sources:
State aid to schools
Other
Federal sources $11,271,453
Miscellaneous sources
Total estimated revenues 11,271,453
Estimated transfers in and other financing sources
Estimated beginning balance
Total estimated revenues, other financing
sources, and beginning balance $11,271,453
Estimated expenditures:
Instruction $5,530,155
Supporting services:
Students 769,125
Instructional staff 2,851,565
Central administration
School administration
Business 64,002
Operation and maintenance of facilities 1,022,662
Student transportation 313,688
Food services
Community services 205,256
Capital outlay 405,000
Debt service:
Principal retirement
Interest and fiscal charges
Total estimated expenditures 11,161,453
Total estimated transfers and other financing uses 110,000
Total estimated expenditures and
other financing uses $11,271,453
RANDOLPH COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
STATE OF WEST VIRGINIA,
Randolph County, to wit:
I Debra Schmidlen, Secretary of the Randolph 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 17th day of May, 2022 .
Debra Schmidlen
Secretary of the Board of Education
5-11, 5-18