FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF VALLEY GROVE, WEST VIRGINIA
In accordance with Code Section 11-8-14, as amended, the Council proceeded to make an estimate of the amount necessary to be raised by levy of taxes for the current fiscal year, and does 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:
REVENUE SOURCE
Nonspendable Fund Balance $ –
Unassigned Fund Balance $81,567
Property Taxes – Current Expenses 25,439 Gas & Oil Severance Tax 2,500
Excise Tax on Utilities 21,000
Business and Occupation Tax 40,000
Fines, Fees and Court Costs 1,000
IRP Fees (Interstate Registration
Plan) 18,000
Parks and Recreation 13,000
Rents, Royalties, and Concessions 10,000 Gaming Income 11,500
Interest Earned on Investments 100
Video Lottery (LVL) 6,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $230,106
COAL SEVERANCE
TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 300
Coal Severance Tax 900
Refunds –
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 1,200
General Coal Severance
ESTIMATED CURRENT Fund Fund
EXPENDITURES
Economic Development $ – $ –
Federal Grants – – State Grants – –
Mayor’s Office $ 10,800 –
City Council 6,000 –
Recorder’s Office 4,000 – Treasurer’s Office 4,000 –
Police Judge’s Office 500 –
City Attorney 1,000 –
Custodial 18,000 –
Regional Development Authority 250 – City Hall 90,000 1,200
Contingencies 20,056 –
Police Department 20,000 –
Street Lights 6,000 –
Parks & Recreation 3,000 – Playgrounds 1,500
Capital Projects –
General Government 20,000 – Capital Projects –
Public Safety 10,000 – Capital Projects – Street
and Transportation – – Capital Projects – Culture
and Recration 15,000 – Capital projects –
Social Services – –
TOTAL ESTIMATED
EXPENDITURES $ 230,106 $ 1,200
MUNICIPALTY OF VALLEY GROVE, WEST VIRGINIA
REGULAR CURRENT EXPENSE LEVY
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
COLUMN E
Certificate of Valuation
Assessed Value for
Tax Purposes Levy Rate/$100 Taxes Levied
Class I
Personal Property $ 0 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
Class II
Real Estate $ 3,068,860 25.00 $7,672
Personal Property 11,562 29
Total Class II $ 3,080,422 $7,701
Class IV
Real Estate $ 1,516,820 50.00 $7,584
Personal Property 1,612,451 8,062
Public Utility 906,906 4,535
Total Class IV $4,036,177 $20,181
TOTAL VALUE &
PROJECTED
REVENUE $7,116,599 $27,882
Less Delinquencies,
Exonerations, &
Uncollectible Taxes 5.00% 1,394
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 530
Less Allowance for Tax
Increment Financing –
(If applicable) 0 Total Projected Property
Tax Collection $25,958
Less Assessor
Valuation Fund 2.00% 519
(Subtracted from regular
current expense taxes
levied only)
Net Amount to be Raised by
Levy of Property Taxes $25,439
STATE OF WEST VIRGINIA
COUNTY OF OHIO
MUNICIPALITY OF VALLEY GROVE
I, Mary D. Philabaum, Recording Officer of said municipality, do hereby certify that the foregoing are true copies from the record of the orders made and entered by the council of the said municipal on the 21sr day of March, 2022
Mary D. Philabaum,
Recorder/Treasurer
Intelligencer March 25. April 1, 2022
News-Register March 25. April 1, 2022