Ohio County Board of Education
Statement of Estimated Revenues and Expenditures
For the Fiscal Year Ended June 30, 2021
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) $37,392,982
Other local sources 1,136,000
State sources:
State aid to schools 18,976,624
Allocations for PEIA and Retirement 6,511,064
Other 2,077,709
Federal sources 3,887,418
Subtotal: estimated revenues 69,981,797
Estimated balance at July 1, 2020 2,000,000
Estimated Revenues and Balance 71,981,797
Estimated expenditures:
Instruction $34,736,403
Supporting services:
Students 2,163,786
Instructional Staff 1,223,396
Central Administration 1,673,959
School Administration 3,703,186
Business, Human Resources’ Office
& Computer Center 1,133,564
Operation & maintenance of facilities 9,489,266
Student Transportation 4,257,387
Child Nutrition: Program Administration –
Community services programs
(4-H, Ohio County Public Library) 923,324
Co-curricular and Extra-curricular Programs 1,601,577
Reserve for Contingencies 2,000,000
Subtotal: Estimated Expenditures 62,905,848
Special Revenue Fund
(Reserves of Grants and Restricted Funds):
Estimated Expenditures:
Improvement of instructional programs
(Step 7) 1,086,288
Staff Development Councils 23,216
Faculty senates 216,900
Academic Curriculum Trips 4,943
Child Nutrition: Operational Costs 3,857,184
Reserves for Federal/State Grants 3,887,418
Subtotal: Estimated Expenditures: 9,075,949
TOTAL OPERATING BUDGET:
Estimated Revenues $71,981,797
TOTAL OPERATING BUDGET:
Estimated Expenditures $71,981,797
DEBT SERVICE FUND
Estimated revenues:
Property taxes (net of allowances) $2,250,000
Interest on Investments 1,565,130
Total estimated revenues 3,815,130
Estimated beginning balance 801,100
Total estimated revenues
and beginning balance 4,616,230
Estimated expenditures:
Reserve for Future Debt Service 4,616,230
Total estimated expenditures $4,616,230
PERMANENT IMPROVEMENT FUND
Estimated revenues:
Local sources: $500
State sources:
WV School Building Authority Grants 6,500,000
Total estimated revenues 6,500,000
Estimated beginning balance
and Restricted Principal 2,690,000
Total estimated revenues
and beginning balance 9,190,500
Estimated expenditures:
Facilities 9,190,500
Restricted Principal –
Total estimated expenditures $9,190,500
Bond Construction Fund
Estimated revenues:
Local sources $25,505,000
Total estimated revenues 25,505,000
Estimated beginning balance
and Restricted Principal 543,900
Total estimated revenues and
beginning balance 26,048,900
Estimated expenditures:
Facilities 25,505,000
Restricted Principal 543,900
Total estimated expenditures $26,048,900
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, 2021, as approved by the Ohio County Board of Education on the 26th day of May, 2020.
Kimberly S. Miller
Secretary of the Ohio County Board of Education
Int. May 15, 22, 2019
N.R. May 15, 22, 2019