RANDOLPH COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
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 2022 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) $ 8,183,798
Other local sources 95,000
State Sources:
State aid to schools 25,616,118
Other unrestricted 1,563,145
Federal sources:
Unrestricted 500,000
Miscellaneous sources 150,000
Total estimated revenues 36,108,061
Estimated transfers in and other
financing sources 175,000
Estimated beginning balance 975,000
Total estimated revenues, other financing
sources, and beginning balance $ 37,258,061
Estimated expenditures:
Instruction $ 22,630,266
Supporting services:
Students 1,712,504
Instructional staff 784,065
Central administration 567,074
School administration 2,614,546
Central services 553,119
Operation and maintenance of facilities 3,949,128
Student transportation 3,167,616
Food services –
Community services 235,976
Capital outlay –
Debt service:
Principal retirement –
Interest and fiscal charges –
Total estimated expenditures 36,214,295
Total estimated transfers and other financing uses 721,433
Estimated budgetary reserves 322,333
Total estimated expenditures, other financing
uses, and reserves $ 37,258,061
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources $ –
State Sources:
State aid to schools 843,186
Other 31,419
Federal sources 5,003,204
Miscellaneous sources
Total estimated revenues 5,877,808
Estimated transfers in and other financing sources 721,433
Estimated beginning balance 275,000
Total estimated revenues, other financing
sources, and beginning balance $ 6,874,241
Estimated expenditures:
Instruction $ –
Supporting services:
Students –
Instructional staff –
Central administration –
School administration –
Business –
Operation and maintenance of facilities –
Student transportation –
Food services 2,849,238
Community services –
Capital outlay –
Debt service:
Principal retirement –
Interest and fiscal charges –
Total estimated expenditures 2,849,238
Total estimated transfers and other financing uses 4,025,003
Total estimated expenditures and other
financing uses $ 6,874,241
Federal Stimulus and Stabilization Fund
Estimated revenues:
Local Sources –
State Sources: State aid to schools –
Other –
Federal Sources $ 12,259,182
Miscellaneous sources –
Total Estimated Revenues 12,259,182
Estimated transfers in and other financing sources –
Estimated beginning balance –
Total Estimated revenues, other financing sources,
and beginning balances $ 12,259,182
Estimated expenditures:
Instruction –
Supporting services:
Students –
Instructional staff –
Central administration –
School administration –
Business –
Operation and maintenance of facilities –
Student transportation –
Food Service –
Community Service –
Capital outlay –
Debt service:
Principal retirement –
Interest and fiscal charges –
Total estimated expenditures-
Total estimated transfers and other financing uses 12,259,182
Total estimated expenditures and other financing uses 12,259,182
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 the18th day of May, 2022.
Debra L. Schmidlen
Secretary of the Board of Education
5-12, 5-19