Source: June 1, 2015 Read More →

Public Notice

MARSHALL COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES
AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2016

STATE OF WEST VIRGINIA,
MARSHALL COUNTY, to-wit:
In accordance with West Virginia Code Section 11-8-12 as amended, the Marshall County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2016 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) $51,516,830
Other local sources 48,000
State Sources:
State aid to schools 2,560,950
Allocation for PEIA and Retirement 5,560,450
Federal sources:
Unrestricted 890,000

Total estimated revenues 60,576,230

Estimated transfers in and
other financing sources –

Estimated beginning balance 5,000,000

Total estimated revenues, other financing
sources, and beginning balance $65,576,230

Estimated expenditures:
Instruction $28,982,000
Supporting services:
Students 1,543.600
Instructional Staff 325,960
Central Administration 1,565,940
School Administration 3,319,240
Central Services 1,042,420
Operation and Maintenance of facilities 6,957,120
Student Transportation 5,468,020
Community Services 75,570
Capital outlay 1,150,000
School related expenditures 27,000

Total estimated expenditures 50,456,870

Total estimated transfers and other
financing uses 12,878,460
Estimated budgetary reserves 2,240,900
Total estimated expenditures, other financing uses, and reserves $65,576,230
DEBT SERIVCE FUND
Estimated revenues:
Local Sources:
Property Taxes (Net of allowances) $2,639,300
Total Estimated revenues 2,639,300

Estimated transfers in and other
financing sources 1,631,150
Estimated beginning balance –

Total estimated revenues,
transfers and beginning balance $4,270,450

Estimated expenditures:

Debt service $4,270,450
Total estimated expenditures 4,270,450

Total estimated transfers and other
financing uses –

Total estimated expenditures and
other financing uses $4,270,450

SPECIAL REVENUE FUND
Estimated revenues:
State Sources 1,956,250
Federal sources 4,822,190

Total estimated revenues 6,778,440
Estimated transfers in and
other financing sources 1,647,310

Estimated beginning balance –

Total estimated revenues, other
financing sources, and beginning balance $8,425,750

Estimated expenditures:
Instruction $ 4,051,580
Supporting services:
Students –
Instructional staff 300,540
School administration 70,110
Business 207,950
Student transportation 338,950
Food services 3,456,620

Total estimated expenditures 8,425,750

Total estimated transfers and other
financing uses –

Total estimated expenditures and
other financing uses $8,425,750

CAPITAL PROJECTS FUND
Estimated revenues:
Estimated transfers in and other
financing sources 9,600,000

Estimated beginning balance –
Total estimated revenues, transfers,
and beginning balance $9,600,000

Estimated expenditures:
Capital projects $9,600,000

Total estimated expenditures 9,600,000

Total estimated transfers and
other financing uses –

Total estimated expenditures
and other financing uses $9,600,000

STATE OF WEST VIRGINIA,
Marshall County, to wit:
I, Michael Hince, Secretary of the Marshall County Board of Education, do hereby certify that the foregoing is a true copy of the fiscal year 2016 budget for Marshall County Schools.
MICHAEL HINCE
Secretary of the Board of Education
Intelligencer June 1, 8, 2015

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