RANDOLPH COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2016
STATE OF WEST VIRGINIA,
RANDOLPH COUNTY, to wit:
In accordance with West Virginia Code section 11-8-12 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 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) $ 9,781,660
Other local sources 91,000
State Sources:
State aid to schools 20,871,285
Other unrestricted 1,796,917
Federal sources:
Unrestricted 350,000
Miscellaneous sources 800,000
Total estimated revenues 33,690,862
Estimated transfers in and other financing sources
Estimated beginning balance 350,000
Total estimated revenues, other financing sources,
and beginning balance $ 34,040,862
Estimated expenditures:
Instruction $ 20,176,238
Supporting services:
Students 962,382
Instructional staff 1,125,354
Central administration 534,707
School administration 2,309,097
Central services 404,048
Operation and maintenance of facilities 4,231,215
Student transportation 2,586,617
Food services
Community services 130,000
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total estimated expenditures 32,459,658
Total estimated transfers and other financing uses 1,058,493
Estimated budgetary reserves 522,712
Total estimated expenditures, other financing
uses, and reserves $ 34,040,862
RANDOLPH COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2016
SPECIAL REVENUE FUND
Estimated revenues:
Local Sources
State Sources:
State aid to schools
Other $ 3,744,566
Federal sources 2,938,695
Miscellaneous sources
Total estimated revenues 6,683,261
Estimated transfers in and other
financing sources 1,058,493
Estimated beginning balance
Total estimated revenues, other financing
sources, and beginning balance $ 7,741,754
Estimated expenditures:
Instruction $ 932,245
Supporting services:
Students 11,250
Instructional staff 22,633
Central administration 0
School administration
Business
Operation and maintenance of facilities
Student transportation 233,359
Food services 2,969,336
Community services 14,596
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total estimated expenditures 4,183,419
Total estimated transfers and other
financing uses 3,558,335
Total estimated expenditures and other
financing uses $ 7,741,754
RANDOLPH COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2016
STATE OF WEST VIRGINIA,
Randolph County, to wit:
I Terry George, 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, 2015.
Terry George
Secretary of the Board of Education
5/5, 5/12