Details for Budget

Updated

NOTICE OF PUBLIC HEARING ON THE SMYTH COUNTY SCHOOL BUDGET FOR FISCAL YEAR COMMENCING July 1, 2021 June 30, 2022 On May 11, 2021 at 5:30 p.m. This budget synopsis is prepared and published in accordance with Section 15.2-2506 and 22.1-93, of the Code of Virginia of 1950, as amended. The budget has been prepared and proposed on the basis of estimates made by the Smyth County School Board. The adoption of this proposed budget shall require a monthly appropriation by the Smyth County Board of Supervisors as required in Section 15.2-2506 for any contemplated expenditures. The Smyth County Board of Supervisors will conduct a hearing for the purpose of receiving public comments on the proposed School Board budget for the fiscal year beginning July 1, 2021. The public hearing will be held in the Board of Supervisors meeting room, 121 Bagley Circle, Smyth County Office Building on May 11, 2021 at 5:30 p.m., or soon thereafter. Subject to the rules and procedures of the Board of Supervisors, at the above-mentioned day, time, and place any citizen of Smyth County may appear and express their opinion(s). A full copy of the proposed Smyth County School Board budget is on file at the Office of the County Administrator, 121 Bagley Circle, Suite 100, Marion, Virginia, and may be viewed online at www.smythcounty.org. By order of the Smyth County Board of Supervisors Shawn Utt, County Administrator Smyth County School Board Operations Budget For the Year Ending June 30, 2022 Revenue Summary for Operations Budget 2020-2021 2021-2022 Difference State Revenue $ 28,807,106 $ 30,627,892 $ 1,820,786 Local Revenue $ 8,215,575 $ 8,489,511 $ 273,936 Federal Revenue $ 5,529,055 $ 5,529,055 $ -0- State Sales Tax $ 4,374,821 $ 4,969,764 $ 594,943 Other Revenue $ 2,476,132 $ 2,667,459 $ 191,327 TOTAL OPERATIONS $ 49,402,689 $ 52,283,681 $ 2,880,992 Expenditure Summary for Operations Budget 2020-2021 2021-2022 Difference Instruction $ 35,686,768 $ 37,809,472 $ 2,122,704 Administration $ 1,468,814 $ 1,599,805 $ 130,991 Transportation $ 2,546,120 $ 2,615,943 $ 69,823 Facilities $ 4,494,531 $ 4,788,627 $ 294,096 Food Service $ 3,773,795 $ 3,948,438 $ 174,643 Technology $ 1,432,661 $ 1,521,396 $ 88,735 TOTAL OPERATIONS $ 49,402,689 $ 52,283,681 $ 2,880,992 Smyth County School Board Capital Outlay and Debt Service Budget For the Year Ending June 30, 2022 Revenue Summary for Capital Outlay and Debt Service Budget 2020-2021 2021-2022 Difference Local Funds - Capital Outlay $ -0- $ -0- $ -0- Local Funds - Debt Service $ 2,191,042 $ 2,172,106 $ (18,936) Other Funds Interest Rebate $ 487,113 $ -0- $ (487,113) TOTAL CAPITAL OUTLAY $ 2,678,155 $ 2,172,106 $ (506,049) Expenditure Summary for Capital Outlay and Debt Service Budget 2020-2021 2021-2022 Difference Capital Outlay Facilities $ -0- $ -0- $ -0- Capital Outlay - Debt Service $ 2,678,155 $ 2,172,106 $ (506,049) TOTAL CAPITAL OUTLAY $ 2,678,155 $ 2,172,106 $ (506,049)

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