FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MEADOW BRIDGE, 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 6,100
Property Taxes – Current Expense 23,892
Tax Loss Restoration 24
Gas & Oil Severance Tax 1,884
Excise Tax on Utilities 19,130
Business and Occupation Tax 102,249
Building Permit Fees 917
IRP Fees (Interstate Registration Plan) 14,000
Private Liquor Club Fee 5,800
Rents, Royalties, and Concessions 11,295
Gaming Income 1,100
Video Lottery (LVL) 6,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 186,391
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 802
Coal Severance Tax 4,444
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 5,246
Mayor’s Office 4,200 –
City Council 3,000 –
Recorder’s Office 4,200 –
City Attorney 8,000 –
City Auditor 5,000 –
Regional development Authority 137 –
City Hall 29,000 –
Fire Hydrants 4,500 –
Streets and Highways 5,000 5,246