FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF BEVERLY, WEST VIRGINIA
In accordance with Code section 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 160,000
Property Taxes – Current Expense 50,681
Gas & Oil Severance Tax 3,500
Excise Tax on Utilities 2,500
Animal Control Tax 50
Hotel Occupancy Tax 1,500
Fines, Fees & Court Costs 110,000
Licenses 1,800
Building Permit Fees 1,500
Miscellaneous Permits 30
Franchise Fees 12,000
IRP Fees (Interstate Registration Plan) 15,000
Rents, Royalties, and Concessions 4,800
State Government Grants 18,000
Payroll Reimbursements 20,000
Gaming Income 12,000
Interest Earned on Investments 275
Video Lottery (LVL) 2,200
Miscellaneous Revenues 2,250
TOTAL ESTIMATED REVENUE (GENERAL FUND) $418,086
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $1,575
Coal Severance Tax 2,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $3,575
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Zoning Board 3,000 –
Mayor’s Office 5,000 –
City Council 10,000 –
Recorder’s Office 2,000 –
City Clerk’s Office 26,000 –
Police Judge’s Office 1,000 –
City Attorney 25,000 –
City Auditor 15,000 –
Main Street Program 5,000 –
Enforcement Agency 10,000 –
Rehabilitation of Property 5,000 –
Custodial 1,000 –
Regional Development Authority 1,000 –
Building Inspection 7,000 –
Planning & Zoning 3,292 –
City Hall 40,000 –
Contributions / Transfers to Other Funds 2,000 –
Public Grounds 12,000 –
Contingencies 41,000 –
Police Department 168,194 –
Streets and Highways 5,000 –
Street Lights 5,000 3,575
Signs and Signals 1,000 –
Snow Removal 1,000 –
Street Cleaning 2,500 –
Sidewalks 3,000 –
Storm Sewer 7,100 –
Parks & Recreation 1,000 –
Visitors Bureau 750 –
Fair Associations/Festivals 7,000 –
Historical Commission 500 –
Beautification Programs 750 –
Capital Projects – General Government 1,000 –
TOTAL ESTIMATED EXPENDITURES $418,086 $3,575
MUNICIPALITY OF BEVERLY, 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 9.29 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $9,085,320 18.58 $16,881
Personal Property 57,576 107
Total Class II $9,142,896 $16,988
CLASS IV
Real Estate $5,215,750 37.16 $19,382
Personal Property 4,380,947 16,280
Public Utility 779,575 2,897
Total Class IV $10,376,272 $38,559
Total Value & Projected Revenue $19,519,168 $55,547
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,777
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,055
Less Allowance for Tax Increment Financing (if Applicable)0
Total Projected Property Tax Collection $51,715
Less Assessor Valuation Fund 2.00% 1,034
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $50,681
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF BEVERLY
I, Connie M. Pingley, 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 27th day of March, 2023.
Connie M. Pingley
(Signature)
RECORDER
(Official Title of Recording Officer)
4/5, 4/12