Public Notice

Ohio County Board of Education
Statement of Estimated Revenues and Expenditures
For the Fiscal Year Ended June 30, 2020

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 2019-20 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) $31,822,751
Other local sources 2,094,302

State sources:
State aid to schools 18,382,733
Allocations for PEIA and Retirement 6,523,176
Other 2,077,709

Federal sources 3,996,581

Subtotal: estimated revenues 64,897,252

Estimated balance at July 1, 2018 2,000,000

Estimated Revenues and Balance 66,897,252

Estimated expenditures:
Instruction $32,735,432
Supporting services:
Students 2,077,270
Instructional Staff 1,080,829
Central Administration 1,202,655
School Administration 3,364,781
Business, Human Resources’ Office
& Computer Center 997,471
Operation & maintenance of facilities 8,240,443
Student Transportation 3,715,365
Child Nutrition: Program Administration –
Community services programs
(4-H, Ohio County Public Library) 814,409
Co-curricular and Extra-curricular Programs 1,287,710
Reserve for Contingencies 2,000,000

Subtotal: Estimated Expenditures 57,516,365

Special Revenue Fund
(Reserves of Grants and Restricted Funds):

Estimated Expenditures:

Improvement of instructional programs
(Step 7) 1,004,461
Staff Development Councils 22,132
Faculty senates 155,280
Academic Curriculum Trips 4,978
Bus Replacement 340,271
Child Nutrition: Operational Costs 3,857,184
Reserves for Federal/State Grants 3,996,581

Subtotal: Estimated Expenditures: 9,380,887

TOTAL OPERATING BUDGET:
Estimated Revenues $66,897,252
TOTAL OPERATING BUDGET:
Estimated Expenditures $66,897,252

DEBT SERVICE FUND

Estimated revenues:

Property taxes (net of allowances) $1,845,000
Interest on Investments 2,168,955
Total estimated revenues 4,013,955

Estimated beginning balance 783,600

Total estimated revenues
and beginning balance 4,797,555

Estimated expenditures:

Reserve for Future Debt Service 4,797,555

Total estimated expenditures $4,797,555

PERMANENT IMPROVEMENT FUND

Estimated revenues:

Local sources: $500
State sources:
WV School Building Authority Grants 9,000,000

Total estimated revenues 9,000,500

Estimated beginning balance
and Restricted Principal 2,690,000

Total estimated revenues
and beginning balance 11,690,500

Estimated expenditures:

Facilities 11,690,500
Restricted Principal –

Total estimated expenditures $11,690,500

Bond Construction Fund

Estimated revenues:

Local sources $44,444,956
Total estimated revenues 44,444,956
Estimated beginning balance
and Restricted Principal 543,900

Total estimated revenues and
beginning balance 44,988,856

Estimated expenditures:

Facilities 44,444,956
Restricted Principal 543,900
Total estimated expenditures $44,988,856

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, 2020, as approved by the Ohio County Board of Education on the 28th day of May, 2019.

Kimberly S. Miller
Secretary of the Ohio County Board of Education
Int. May 15, 22, 2019
N.R. May 15, 22, 2019