FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF SMITHERS, 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 109,000
Property Taxes – Current Expense 75,486
Gas & Oil Severance Tax 1,400
Excise Tax on Utilities 37,500
Business and Occupation Tax 245,000
Wine & Liquor Tax 425
Sales Tax 120,000
Fines, Fees & Court Costs 12,700
Licenses 3,000
Building Permit Fees 5.000
Franchise Fees 550
IRP Fees (Interstate Registration Plan) 22,000
Municipal Service Fees 40,400
Rents, Royalties and Concessions 2 ,000
Refuse Collection 116,000
Charges for Services 7,000
Federal Government Grants 65,250
State Government Grants 10,000
Other Grants 10,000
Contributions from Other Entities 163,495
Gaming Income 11,000
Video Lottery (LVL) 3,200
Miscellaneous Revenues 25,700
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 1,086,106
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 2,800
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 3,300
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
Federal Grants 15,000 –
State Grants 10,000 –
Mayor’s Office 14,400 –
City Council 9,125 –
Recorder’s Office 7,500 –
Treasurer’s Office 4,500 –
Police Judge’s Office 4,800 –
City Attorney 16,008 –
Other Grants 10,000 –
Regional Development Authority 300 –
City Hall 345,861 –
Internal Audit 2,500 –
Police Department 246,322 –
Fire Department 20,000 –
Dams & Dredging 4,000 –
Streets and Highways 147,053 –
Street Lights 14,000 –
Snow Removal 1,000 –
Street Construction 70,000 –
Garbage Department 98,737 –
Landfill/Incinerator Department 32,000 –
Fair Associations/Festivals 5,000 –
Beautification Programs 8,000 3,300
TOTAL ESTIMATED EXPENDITURES $ 1,086,106 $ 3,300
MUNICIPALITY OF SMITHERS, 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 12.25 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 4,422.50 24.50 $ 10,835
Personal Property 48,174 118
Total Class II $ 4,470,424 $ 10,953
CLASS IV
Real Estate $ 5,962,810 49.00 $ 29,218
Personal Property 5,865,831 28,743
Public Utility 3,045,633 14,924
Total Class IV $ 14,874,274 $ 72,885
Total Value & Projected Revenue $ 19,344,698 $ 83,838
Less Delinquencies, Exonerations & Uncollectable Taxes 6.25% 5,240
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,572
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 77,026
Less Assessor Valuation Fund 0.02 and 0.02 1,540
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 75,486
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE
MUNICIPALITY OF SMITHERS
I, Patsy Tucker, 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 13th day of March, 2023.
Patsy Tucker
(Signature)
Recorder
(Official Title of Recording Officer)
ID: 696652