2017-05-31 / School News

School board adopts 2018 Fiscal Year budget

by Kate Evans

The Morgan County School Board unanimously voted to adopt their Fiscal Year 2018 total budget of $27,688,900 at their May 23 meeting after their scheduled public hearing. No members of the public offered any comments at the hearing. The final total budget amount is $834 less than the proposed $27,689,734 budget that was publicized due to a decreased state alternative education funding allocation under the special revenue fund.

The final school budget has an estimated general current expense fund revenue of $23,316,967, a $4,371,933 special revenue fund and no capital projects fund, pending approval by the West Virginia Department of Education.

State aid down

The total estimated state aid revenue loss for the coming year is $485,228. Seven fulltime professional personnel positions and five service personnel positions were abolished at the end of the 2016- 2017 employment term and four to six days were cut from the employment contracts of 54 professional and service personnel beginning July 1 due to the projected decrease in state aid.

Revenue & expenditures

The general current expense fund revenue includes a projected $4,903,512 in regular school levy property taxes, $4,147,298 in special levy taxes, $812,500 in prior year taxes, $12,857,645 in total state aid, $100,000 in Medicaid reimbursements and a $300,000 carryover fund balance, Bell said.

Expenditures include operations and maintenance, student transportation, school administration, student support services and central office administration.

Some $19,197,619— 82.33% of the budget—will go toward personnel salaries and benefits that include health insurance, retirement benefits, Social Security, Medicare and dental/vision insurance.

The $4,371,933 special revenue fund includes Title 1 and Title 2 funding, Step 7 instructional improvement monies, Step 7b technology funding and funding for special education, child nutrition, bus replacement, career technical education, alternative education and the 21st Century Learning grant for the middle school and high school afterschool program.

Special levy

The total estimated revenue of the special levy for Fiscal Year 2018 is $4,147,298. The special levy call designates $1,904,637 for employee salary supplements, $1,137,438 in positions/support for critical educational programs, $500,000 for facilities maintenance, $400,000 for instructional materials and supplies and $125,000 for technology.

Major expenditures

Major proposed general current expense fund expenditures for the Fiscal Year 2018 are $9,334,674 for professional salaries, $2,328,249 for service personnel salaries, the $2,532,168 unfunded retirement liability, $1,431,675 for health/life insurance premiums, $955,541 for social security matching, a total of $941,877 for retirement plans, $728,540 for electricity and $455,428 for the retiree health benefit trust.

Other large expenses include $230,530 for professional substitutes, $226,138 for nontechnical repair/maintenance service, $187,237 for general supplies, $183,078 for textbooks, $180,271 for other professional services, $179,926 for diesel vehicle fuel, $177,750 for service personnel substitutes, $103,000 for data communication services and a $100,708 QZAB loan payment and lease purchase payment.

Budget changes

The West Virginia Legislature has still not adopted a state budget and is currently in special session. Any changes that the West Virginia State Legislature makes to school revenue during its special session will be made later as budget adjustments.

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