FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF PINEVILLE, 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 100
Property Taxes – Current Expense 95,468
Gas & Oil Severance Tax 5,000
Excise Tax on Utilities 52,000
Business and Occupation Tax 159,000
Wine & Liquor Tax 8,600
Hotel Occupancy Tax 9,500
Fines, Fees & Court Costs 14,000
Licenses 3,770
Building Permit Fees 330
IRP Fees (Interstate Registration Plan) 21,000
Gaming Income 35,000
Capital Lease Revenues –
Interest Earned on Investments 1,100
Accident Reports 600
Video Lottery (LVL) 875
Miscellaneous Revenues 4,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 410,343
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 100
Coal Severance Tax 3,130
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 3,230
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 4,941 –
City Council 6,959 –
Recorder’s Office 3,875 –
City Manager’s Office 28,604 –
Police Judge’s Office 5,819 –
Regional Development Authority 1,000 –
City Hall 38,407 –
Police Department 236,868 –
Fire Department 13,200 –
Streets and Highways 31,199 3,230
Street Lights 17,500 –
Parks & Recreation 6,300 –
Visitors Bureau 4,750 –
Fair Associations/Festivals 10,671 –
Swimming Pools 250 –
TOTAL ESTIMATED EXPENDITURES $ 410,343 $ 3,230
MUNICIPALITY OF PINEVILLE, 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 $ 4,098,400 25.00 $ 10,246
Personal Property 17,796 44
Total Class II $ 4,116,196 $ 10,290
CLASS IV
Real Estate $ 6,845,920 50.00 $ 34,230
Personal Property 7,337,163 36,686
Public Utility 4,685,990 23,430
Total Class IV $ 18,869,073 $ 94,346
Total Value & Projected Revenue $ 22,985,269 $ 104,636
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 5,232
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,988
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 97,416
Less Assessor Valuation Fund 2.00% 1,948
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 95,468
MUNICIPALITY OF PINEVILLE, WEST VIRGINIA
Excess Levy/ Levies
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 6.25 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 4,098,400 12.50 $ 5,123
Personal Property 17,796 22
Total Class II $ 4,116,196 $ 5,145
CLASS IV
Real Estate $ 6,845,920 25.00 $ 17,115
Personal Property 7,337,163 18,343
Public Utility 4,685,990 11,715
Total Class IV $ 18,869,073 $ 47,173
Total Value & Projected Revenue $ 22,985,269 $ 52,318
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,616
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 994
Net Amount to be Raised by Levy for Budget Purposes $ 48,708
MUNICIPALITY OF PINEVILLE, WEST VIRGINIA
Excess or Bond Levy
FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
Certificate of Valuatio
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 0.00 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 4,098,400 0.00 $ 0
Personal Property 17,796 0
Total Class II $ 4,116,196 $ 0
CLASS IV
Real Estate $ 6,845,920 0.00 $ 0
Personal Property 7,337,163 0
Public Utility 4,685,990 0
Total Class IV $ 18,869,073 $ 0
Total Value & Projected Revenue $ 22,985,269 $ 0
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 0
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 0
Net Amount to be Raised by Levy for Budget Purposes $ 0
STATE OF WEST VIRGINIA
COUNTY OF
MUNICIPALITY OF PINEVILLE
I, Victoria Knight Clay , 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 24th day of March, 2023.
Victoria Knight Clay
(Signature)
Recorder
(Official Title of Recording Officer)