Ohio County Board of Education Statement of Estimated Revenues and
Expenditures For the Fiscal Year Ended June 30, 2025
STATE OF WEST VIRGINIA,
OHIO COUNTY, to wit:
In accordance with West Virginia Code 11-8-12, as amended, the Ohio County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2024-25 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:
OPERATING BUDGET
General Current Expense Fund
Estimated revenues:
Local sources:
Property taxes (net of allowances) $ 46,869,460
Other local sources 1,821,000
State sources:
State aid to schools 20,975,485
Allocations for PEIA and Retirement 5,387,904
Other 2,259,042
Federal sources 8,049,614
Subtotal: estimated revenues 85,362,505
Estimated balance at July 1, 2024 4,000,000
Estimated Revenues and Balance 89,362,505
Estimated expenditures:
Instruction $ 43,345,223
Supporting services:
Students 2,099,220
Instructional staff 1,135,558
Central administration 1,416,354
School administration 3,743,043
Business, Human Resources’ Office, & Computer Center 1,495,540
Operation & maintenance of facilities 11,581,041
Student transportation 5,283,947
Child Nutrition: Program Administration
Community services programs (4-H, Ohio County Public Library) 1,706,058
Co-curricular and Extra-curricular programs 2,154,608
Reserve for Contingencies 4,000,000
Subtotal: Estimated Expenditures 77,940,592
Special Revenue Fund (Reserves of Grants and Restricted Funds):
Estimated Expenditures:
Improvement of instructional programs (Step 7) 1,441,907
Staff Development Councils 26,583
Faculty senates 225,000
Academic Curriculum Trips –
Child Nutrition: Operational Costs 5,129,836
Reserves for Federal/State Grants 4,598,587
Subtotal: Estimated Expenditures 11,421,913
TOTAL OPERATING BUDGET: Estimated Revenues $ 89,362,505
TOTAL OPERATING BUDGET: Estimated Expenditures$ 89,362,505
Debt Service Fund
Estimated revenues:
Property taxes (net of allowances) $ 3,890,205
Interest on Investments 1,000
Total estimated revenues 3,891,205
Estimated beginning balance 2,240,000
Total estimated revenues
and beginning balance 6,131,205
Estimated expenditures:
Reserve for Future Debt Service 6,131,205
Total estimated expenditures $ 6,131,205
Permanent Improvement Fund
Estimated revenues:
Local sources $ 25,000
State sources: WV School Building Authority Grants 3,000,000
Total estimated revenues 3,025,000
Estimated beginning balance and Restricted Principal 2,250,000
Total estimated revenues
and beginning balance 5,275,000
Estimated expenditures:
Facilities 5,275,000
Restricted Principal –
Total estimated expenditures $ 5,275,000
Bond Construction Fund
Estimated revenues:
Local sources $ 172,000
Total estimated revenues 172,000
Estimated beginning balance and Restricted Principal –
Total estimated revenues
and beginning balance $ 172,000
Elementary and Secondary School Emergency Relief Fund
Estimated revenues:
Federal Sources $ 1,884,138
Total estimated revenues 1,884,138
Total estimated revenues and beginning balance 1,884,138
Estimated expenditures:
Technology 1,784,138
Salaries & Benefits 100,000
Indirect Costs –
Total estimated expenditures $ 1,884,138
STATE OF WEST VIRGINIA,
OHIO COUNTY, to wit:
I, Kimberly S. Miller, Secretary of the Ohio County Board of Education, do hereby certify that the foregoing is a true copy of the Statement of Estimated Revenues and Expenditures for the Fiscal Year Ended June 30, 2025, as approved by the Ohio County Board of Education on the 13th day of May, 2024.
Kimberly S. Miller, Secretary of the Ohio County Board of Education
N.R. May 13, 20, 2024