RANDOLPH COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
STATE OF WEST VIRGINIA,
RANDOLPH COUNTY, to wit:
In accordance with West Virginia Code section11-8-12 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 2024 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) $ 8,835,387
Other local sources 94,000
State Sources:
State aid to schools 27,665,365
Other unrestricted 1,627,187
Federal sources:
Unrestricted 350,000
Miscellaneous sources 80,000
Total estimated revenues 38,651,939
Estimated transfers in and other financing sources 351,000
Estimated beginning balance 725,000
Total estimated revenues, other financing sources, and beginning balance $ 39,727,939
Estimated expenditures:
Instruction $ 22,736,206
Supporting services:
Students 1,811,870
Instructional staff 764,435
Central administration 706,591
School administration 2,738,758
Central services 523,327
Operation and maintenance of facilities 4,650,060
Student transportation 3,723,284
Food services
Community services 247,769
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total estimated expenditures 37,902,300
Total estimated transfers and other financing uses 1,418,119
Estimated budgetary reserves 407,520
Total estimated expenditures, other financing uses, and reserves $ 39,727,939
RANDOLPH COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources
State Sources:
State aid to schools 939,807
Other 27,173
Federal sources 4,922,614
Miscellaneous sources
Total estimated revenues 5,889,593
Estimated transfers in and other financing sources 1,418,119
Estimated beginning balance 250,000
Total estimated revenues, other financing sources, and beginning balance $ 7,557,712
Estimated expenditures:
Instruction
Supporting services:
Students
Instructional staff
Central administration
School administration
Business
Operation and maintenance of facilities
Student transportation
Food services 3,274,683
Community services
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total estimated expenditures 3,274,683
Total estimated transfers and other financing uses 4,283,029
Total estimated expenditures and other financing uses $ 7,557,712
RANDOLPH COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
FEDERAL STIMULUS AND STABILIZATION FUND
Estimated revenues:
Local Sources
State Sources:
State aid to schools
Other
Federal sources 3,518,909
Miscellaneous sources
Total estimated revenues 3,518,909
Estimated transfers in and other financing sources
Estimated beginning balance
Total estimated revenues, other financing sources, and beginning balance $ 3,518,909
Estimated expenditures:
Instruction 2,049,965
Supporting services:
Students 86,061
Instructional staff 890,987
Central administration
School administration
Business 66,484
Operation and maintenance of facilities 105,412
Student transportation
Food services
Community services
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total estimated expenditures 3,198,909
Total estimated transfers and other financing uses 320,000
Total estimated expenditures and other financing uses $ 3,518,909
RANDOLPH COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
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 24th day
of May, 2023.
Debra Schmidlen
Secretary of the Board of Education
5/19, 5/26