Marion

Statement of Revenues & Expenditures

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MARION COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED
REVENUES AND EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 2016
STATE OF WEST VIRGINIA,
MARION COUNTY, to wit:
In accordance with West Virginia Code ยง11-8-12 as amended, the Marion County Board of Education proceeded to make an estimate of the amounts necessary to be raised by a levy of taxes for the 2015 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) $ 32,310,304
Other local sources 900,000
State Sources:
State aid to schools 29,768,691
Other unrestricted 9,630,654
Federal Sources:
Unrestricted 500,000
Total estimated revenues $73,109,649
Estimated beginning balance 2,000,000
Total estimated revenues, other financing
sources, and beginning balance $ 75,109,649
Estimates; expenditures:
Instruction $ 43,120,372
Supporting services:
Students 1,809,600
Instructional staff 1,543,600
Central administration 1,315,000
School administration 4,554,900
Central services 712,090
Operation and maintenance of facilities 9,854,530
Student transportation 5,768,110
Food services 2,113,267
Community services 95,350
Debt service:
Principal retirement 0
Total estimated
expenditures 70,886,819
Estimated budgetary reserves 4,222,830
Total estimated expenditures, other
financing uses, and reserves $ 75,109,649
MARION COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES
AND EXPENDITURES FOR THE FISCAL
YEAR ENDED JUNE 30, 2016
DEBT SERVICE FUND
Estimated revenues:
Local sources:
Property Taxes (Net of allowances) $ 1,901,725
Total estimated revenues 1,901,725
Total estimated revenues
transfers and beginning balance $ 1,901,725
Estimated expenditures:
Debt service $ 1,901,725
Total estimated expenditures 1,886,925
Total estimated expenditures
and other financing uses $ 1,886,925
MARION COUNTY BOARD OF EDUCATION
STATEMENT OF ESTIMATED REVENUES
AND EXPENDITURES FOR THE
FISCAL YEAR ENDED JUNE 30, 2016
STATE OF WEST VIRGINIA,
MARION County, to wit:
I Gary Price, Secretary of the Marion 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 18th day of May, 2015.
Gary Price
Secretary of the Board of Education
The Marion County Board of Education will meet Monday, May 18, 2015 at 6:00 PM to formally approve the 2015-16 preliminary budget. A public hearing will be held at the time before the formal adoption. The meeting will take place at the Board offices at 200 Gaston Avenue, Fairmont, WV.
Times: April 29, May 6, 2015