Ohio County Board of Education
Statement of Estimated Revenues and Expenditures
For the Fiscal Year Ended June 30, 2022
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 2021-22 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) $36,293,638
Other local sources 1,091,000
State sources:
State aid to schools 18,491,629
Allocations for PEIA and Retirement 6,311,738
Other 2,077,709
Federal sources 3,816,649
Subtotal: estimated revenues 68,082,363
Estimated balance at July 1, 2020 2,500,000
Estimated Revenues and Balance 70,582,363
Estimated expenditures:
Instruction $33,893,536
Supporting services:
Students 1,906,837
Instructional Staff 1,047,973
Central Administration 1,957,972
School Administration 3,550,164
Business, Human Resources’ Office
& Computer Center 1,148,846
Operation & maintenance of facilities 9,216,092
Student Transportation 4,156,654
Child Nutrition: Program Administration –
Community services programs
(4-H, Ohio County Public Library) 613,698
Co-curricular and Extra-curricular Programs 1,467,154
Reserve for Contingencies 2,500,000
Subtotal: Estimated Expenditures 61,458,926
Special Revenue Fund
(Reserves of Grants and Restricted Funds):
Estimated Expenditures:
Improvement of instructional programs
(Step 7) 1,150,953
Staff Development Councils 22,593
Faculty senates 221,500
Academic Curriculum Trips 4,824
Child Nutrition: Operational Costs 3,906,918
Reserves for Federal/State Grants 3,816,649
Subtotal: Estimated Expenditures: 9,123,437
TOTAL OPERATING BUDGET:
Estimated Revenues $70,582,363
TOTAL OPERATING BUDGET:
Estimated Expenditures $70,582,363
DEBT SERVICE FUND
Estimated revenues:
Property taxes (net of allowances) $2,325,000
Interest on Investments 1,523,130
Total estimated revenues 3,848,130
Estimated beginning balance 821,000
Total estimated revenues
and beginning balance 4,669,130
Estimated expenditures:
Reserve for Future Debt Service 4,669,130
Total estimated expenditures $4,669,130
PERMANENT IMPROVEMENT FUND
Estimated revenues:
Local sources: $500
State sources:
WV School Building Authority Grants 20,500,000
Total estimated revenues 20,500,000
Estimated beginning balance
and Restricted Principal 2,690,000
Total estimated revenues
and beginning balance 23,190,500
Estimated expenditures:
Facilities 23,190,500
Restricted Principal –
Total estimated expenditures $23,190,500
Bond Construction Fund
Estimated revenues:
Local sources $18,005,000
Total estimated revenues 18,005,000
Estimated beginning balance
and Restricted Principal 543,900
Total estimated revenues and
beginning balance 18,548,900
Estimated expenditures:
Facilities 18,005,000
Restricted Principal 543,900
Total estimated expenditures $18,548,900
Elementary and Secondary School Emergency Relief Fund
Estimated revenues:
Federal sources $5,608,535
Total estimated revenues 5,608,535
Total estimated revenues 5,608,535
and beginning balance
Estimated expenditures:
Facilities 2,324,281
Technology 1,290,000
Salaries & Benefits 1,994,254
Total estimated expenditures $5,608,535
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 24th day of May, 2021.
Kimberly S. Miller
Secretary of the Ohio County Board of Education
Int. May 17, 24, 2021
N.R. May 17, 24, 2021