RANDOLPH COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2021
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 2021 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) $ 8,690,276
Other local sources 90,000
State Sources:
State aid to schools 26,353,935
Other unrestricted 1,621,961
Federal sources:
Unrestricted 503,000
Miscellaneous sources 75,467
Total estimated revenues 37,334,639
Estimated transfers in and other
financing sources 45,000
Estimated beginning balance 400,000
Total estimated revenues, other financing
sources, and beginning balance $ 37,779,639
Estimated expenditures:
Instruction $ 22,975,103
Supporting services:
Students 1,578,625
Instructional staff 673,507
Central administration 588,127
School administration 2,590,937
Central services 514,012
Operation and maintenance of facilities 3,986,209
Student transportation 3,204,525
Food services –
Community services 252,069
Capital outlay –
Debt service:
Principal retirement –
Interest and fiscal charges –
Total estimated expenditures 36,363,115
Total estimated transfers and other financing uses 1,060,691
Estimated budgetary reserves 355,833
Total estimated expenditures, other financing
uses, and reserves $ 37,779,639
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $ –
State Sources:
State aid to schools 844,270
Other 33,594
Federal sources 4,967,577
Miscellaneous sources
Total estimated revenues 5,845,441
Estimated transfers in and other financing sources 1,060,691
Estimated beginning balance –
Total estimated revenues, other financing
sources, and beginning balance $ 6,906,132
Estimated expenditures:
Instruction $ –
Supporting services:
Students –
Instructional staff –
Central administration –
School administration –
Business –
Operation and maintenance of facilities –
Student transportation –
Food services 2,834,203
Community services –
Capital outlay –
Debt service:
Principal retirement –
Interest and fiscal charges –
Total estimated expenditures 2,834,203
Total estimated transfers and other financing uses 4,071,929
Total estimated expenditures and other
financing uses $ 6,906,132
STATE OF WEST VIRGINIA,
Randolph County, to wit:
I Debra L. 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 5th day of May, 2020.
Debra L. Schmidlen
Secretary of the Board of Education
4-28, 5-6