FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MOUNT HOPE, 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
Nonspendable Fund Balance $ –
Restricted Fund Balance –
Committed Fund Balance 150,000
Assigned Fund Balance –
Un assigned Fund Balance 5,522
Property Taxes – Curren t Expense 105,455
Prior Year Taxes 20,000
Supplemental Taxes 20,000
Tax Loss Restoration 5,000
Property Taxes – Excess Levy 46,570
Tax Penalties, Interest & Publication Fees 3,000
Gas & Oil Severance Tax 6 ,000
Excise Tax on Utilities 40,000
Business and Occupation Tax 90,000
Wine & Liquor Tax 200
Animal Control Tax 100
Fines, Fees & Court Costs 194,500
Parking Violations 300
Licenses 6,000
Building Permit Fees 400
Miscellaneous Permits 200
Franchise Fees 9,000
Inspection, Dilapidated Building, & Vacant Property Fees –
IRP Fees (Interstate Registration Plan) 30,000
Rents, Royalties, and Concessions 10,000
Jail Fees 250
Police Protection Fees 3,800
Charges for Services 500
Payment in Lieu of Taxes 10,500
Gaming Income 11,000
Interest Earned on Investments 200
Refunds 5 ,000
Accident Reports 150
Video Lottery (LVL) 4,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 777,647
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 100
Coal Severance Tax 5,200
Interest Earned on Investment 20
Reimbursements –
Refunds –
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 5,320
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Economic Development $ – $ –
Federal Grants – –
State Grants – –
Zoning Board – –
Consumer Protection – –
Civil Service – –
Insurance Program (Self Insured) – –
Mayor’s Office 400 –
City Council 4 ,506 –
Recorder’s Office 790 –
City Manager’s Office 7,697 –
Treasurer’s Office 22,960 –
Finance Office – –
City Clerk’s Office – –
Police Judge’s Office 8,375 –
City Attorney 5,000 –
Regional Development Authority 460 –
Elections 7 ,000 –
City Hall 50,359 5,320
Other buildings 5,000 –
Police Department 293,100 –
City Jail 400 –
Streets and Highways 153,000 –
Street Lights 26,500 –
Snow Removal 12,600 –
Public Transit 5,000 –
Storm Sewer 3,000 –
Fair Associations/ Festivals 500 –
Community Center 14,000 –
Library 1,500 –
Stadium 4,500 –
Beautification Programs 1,000 –
Capital Projects – Street and Transportation 150,000 –
TOTAL ESTIMATED EXPENDITURES $ 777,647 $ 5 ,320
MUNICIPALITY OF MOUNT HOPE, 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 12.20 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 13,059,060 24.40 $ ____31,864
Personal Property 56,280 137
Total Class II $ 13,115,340 $ 32,001
CLASS IV
Real Estate $ 7,152,810 48.80 $ 34,906
Personal Property 4,454,771 21,739
Public Utility 5,519,581 26,936
Total Class IV $ 17,127,162 $ 83,581
Total Value & Projected Revenue $ 30,242,502 $ 115,582
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 5,779
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,196
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 107,607
Less Assessor Valuation Fund 2.00% 2,152
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 105,455
MUNICIPALITY OF MOUNT HOPE, WEST VIRGINIA
Street & Recreation
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 5.28 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 13,059,060 10.56 $ ____13,790
Personal Property 56,280 59
Total Class II $ 13,115,340 $ 13,849
CLASS IV
Real Estate $ 7,152,810 21.12 $ 15,107
Personal Property 4,454,771 9,408
Public Utility 5,519,581 11,657
Total Class IV $ 17,127,162 $ 36,172
Total Value & Projected Revenue $ 30,242,502 $ 50,021
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,501
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 950
Net Amount to be Raised by Levy for Budget Purposes $ 46,570
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE
MUNICIPALITY OF MOUNT HOPE
I, Daniel C Logan, 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 23rd day of March, 2023.
DANIEL C LOGAN
(Signature)
RECORDER
(Official Title of Recording Officer)