FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF BECKLEY, WEST VIRGINIA
In accordance with Code § 11-8-14, as amended, the Council proceeded to make an estimate of the amounts 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
Unassigned Fund Balance 3,900,000
Property Taxes – Current Expense 2,806,406
Prior Year Taxes 172,000
Supplemental Taxes 125,000
Gas & Oil Severance Tax 35,000
Excise Tax on Utilities 750,000
Business and Occupation Tax 10,829,344
Wine & Liquor Tax 175,000
Hotel Occupancy Tax 990,000
Sales Tax 5,750,000
Fines, Fees & Court Costs 200,000
Licenses 46,000
Building Permit Fees 80,000
Franchise Fees 225,000
IRP Fees (Interstate Registration Plan) 155,000
Private Liquor Club Fee 500
Rents, Royalties, and Concessions 200,000
Federal Government Grants 1,500,000
State Government Grants 5,000
Contributions from Other Entities 2,000
Contributions from other Funds 1,200,000
Gaming Income 72,500
Interest Earned on Investments 9,700
Reimbursements 400,000
Refunds 9,200
Sale of Fixed Assets 10,000
Insurance Claims 23,000
Accident Reports 21,000
Recycling Program 500
Video Lottery (LVL) 15,000
Miscellaneous Revenues 6,750
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 29,713,900
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 2,000
Coal Severance Tax 30,000
Interest Earned on Investment 50
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 32,050
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Economic Development 218,000 $ –
Federal Grants 940,000 –
Mayor’s Office 187,900 –
City Council 62,600 –
Recorder’s Office 3,478,000 –
Police Judge’s Office 62,700 –
City Attorney 116,100 –
Contributions to Comms/Authorities 474,500 –
Regional Development Authority 18,000 –
Building Inspection 599,000 –
Data Processing 1,255,745 –
City Hall 252,450 –
Parking 25,000 –
Contingencies 179,005 –
Police Department 7,036,750 –
Fire Department 6,347,300 –
Streets and Highways 4,156,650 17,000
Street Lights 220,000 –
Signs and Signals 63,000 –
Snow Removal 259,000 –
Street Construction 620,000 –
Street Cleaning 32,500 –
Recycling Center 120,950 –
Parks & Recreation 500,000 15,050
Visitors Bureau 500,000 –
Human Rights / Affirmative Action 1,750 –
Capital Projects – General Government 800,000 –
Capital Projects – Public Safety 1,130,000 –
Capital Projects – Street and Transportation 42,000 –
Capital Projects – Health and Sanitation 10,000 –
Capital Projects – Culture and Recreation 5,000 –
TOTAL ESTIMATED EXPENDITURES $ 29,713,900 $ 32,050
MUNICIPALITY OF BECKLEY, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 247,283,370 25.00 $ 618,208
Personal Property 80,754 202
Total Class II $ 247,364,124 $ 618,410
CLASS IV
Real Estate $ 307,579,910 50.00 $ 1,537,900
Personal Property 158,827,472 794,137
Public Utility 38,323,966 191,620
Total Class IV $ 504,731,348 $ 2,523,657
Total Value & Projected Revenue $ 752,095,472 $ 3,142,067
Less Delinquencies, Exonerations & Uncollectable Taxes 7.00% 219,945
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 58,442
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 2,863,680
Less Assessor Valuation Fund 2.00% 57,274
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 2,806,406
STATE OF WEST VIRGINIA
COUNTY OF Raleigh MUNICIPALITY OF BECKLEY
I, Billie Trump, 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 municipality on the 14th day of March, 2023.
Billie Trump
(Signature)
Recorder/Treasurer
(Official Title of Recording Officer)