Legal 3 col x 5-1/2”
0504 0511
FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF CLAY, 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 $ 30,000
Property Taxes – Current Expense 54,628
Gas & Oil Severance Tax 750
Excise Tax on Utilities 20,000
Wine & Liquor Tax 14,000
Licenses 3,000
Building Permit Fees 100
Miscellaneous Permits 1,000
IRP Fees (Interstate Registration Plan) 25,000
Gaming Income 11,000
Interest Earned on Investments 150
Video Lottery (LVL) 600
Miscellaneous Revenues 1,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 161,228
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 300
Coal Severance Tax 1,200
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 1,500
General Fund Coal Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 7,900 –
City Council 8,400 –
Recorder’s Office 6,300 –
City Clerk’s Office 41,500 –
Regional Development Authority 250 –
City Hall 22,342 –
Public Works Department 22,000 –
Street Lights 17,500 –
Parks & Recreation 3,500 1,500
Capital Projects – General Government 31,536 –
TOTAL ESTIMATED EXPENDITURES $ 161,228 $ 1,500