Legal 3 col x 10-3/4”
0408 0415
FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF FALLING SPRINGS (RENICK), 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 38,535
Property Taxes – Current Expense 22,508
Tax Penalties, Interest & Publication Fees 30
Gas & Oil Severance Tax 250
Excise Tax on Utilities 1,875
Business & Occupation Tax 150
Wine & Liquor Tax 115
IRP Fees (Interstate Registration Plan) 2,064
Parks & Recreation 250
State Government Grants 700
Other Grants 2,500
Gaming Income 15,897
Video Lottery (LVL) 258
Miscellaneous Revenues 233
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 85,365
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 804
Coal Severance Tax 200
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 1,004
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 1,350 –
City Council 2,250 –
Recorder’s Office 2,250 –
City Attorney 10,000 –
Regional Development Authority 150 –
City Hall 23,265 –
Fire Department 500 –
Dog Warden / Humane Society 500 –
Ambulance Authority 500 –
Streets and Highways 8,000 –
Snow Removal 7,800 –
Parks & Recreation 9,800 –
Fair Associations / Festivals 6,000 –
Civic Promotions 500 504
Beautification Programs 500 500
Capital Projects – Street and Transportation 12,000 –
TOTAL ESTIMATED EXPENDITURES $ 85,365 $ 1,004
MUNICIPALITY OF FALLING SPRINGS (RENICK), 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 $ 2,557,770 25.00 $ 6,394
Personal Property 6,828 17
Total Class II $ 2,564,598 $ 6,411
CLASS IV
Real Estate $ 855,010 50.00 $ 4,275
Personal Property 781,595 3,908
Public Utility 2,014,948 10,075
Total Class IV $ 3,651,553 $ 18,258
Total Value & Projected Revenue $ 6,216,151 $ 24,669
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 1,233
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 469
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 22,967
Less Assessor Valuation Fund 2.00% 459
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 22,508
STATE OF WEST VIRGINIA
COUNTY OF Greenbrier
MUNICIPALITY OF Falling Springs (Renick)
I, Melinda Workman, 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. Melinda L. Workman
(Signature)
Town Recorder
(Official Title of Recording Officer)