Harrison County Schools reviews year-end financials, board moves to submit statement to state

Finance staff presented Harrison County Schools’ year-end financial statement at a board meeting and moved to submit the report to the West Virginia Department of Education for the state deadline.

The finance presenter said the district closed the year with a general-fund surplus of $19,616 and a total fund balance of $28,175,000. The presenter said the district has an unrestricted fund balance and reported that unrestricted reserves represent about 17% of annual expenditures; staff estimated current reserves would cover roughly two months of operations at present spending levels.

The presenter told the board that $1,206,000 remained in the excess levy fund and is earmarked for personnel costs in 2026, and that the permanent improvement fund had a surplus of $5,299,587 dedicated to capital improvements. The presenter said a portion of the permanent improvement fund—"about 500,000, no more than 700,000"—will be used for Liberty renovation projects. The presenter said funds placed in the permanent improvement account come from…