FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF PAX, 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
Restricted Fund Balance 55
Committed Fund Balance 29,751
Assigned Fund Balance 12,950
Unassigned Fund Balance 27,000
Property Taxes – Current Expense 11,076
Tax Loss Restoration 75
Tax Penalties, Interest & Publication Fees 100
Gas & Oil Severance Tax 1,400
Excise Tax on Utilities 10,000
Franchise Fees 2,500
IRP Fees (Interstate Registration Plan) 35,000
Rents, Royalties, and Concessions 500
Floodwall Fees 1,100
Contributions from Other Entities 1,500
Gaming Income 11,000
Video Lottery (LVL) 500
Miscellaneous Revenues (provide details on ‘Explanations’ tab) 15,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 159,507
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 7,618
Coal Severance Tax 602
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 8,220
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
Mayor’s Office 3,000 –
Recorder’s Office 600 –
City Clerk’s Office 14,000 –
City Attorney 10,000 –
City Auditor 28,350 –
Engineering 55 –
Custodial 5,000 –
Regional Development Authority 500 –
City Hall 18,000 –
Other buildings 20,000 –
Public Grounds 9,000 1,220
Watershed Project 2,500 –
Flood Control/ Soil Conservation 2,500 2,500
Streets and Highways 2,500 1,000
Street Lights 2,500 –
Garbage Department 1,000 –
Landfill/Incinerator Department 2,000 –
Parks & Recreation 3,000 –
Fair Associations/ Festivals 8,500 2,500
Civic Promotions 1,000 –
Beautification Programs 10,000 1,000
Capital Projects – General Government 15,507 –
TOTAL ESTIMATED EXPENDITURES $ 159,507 $ 8,220
MUNICIPALITY OF PAX, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
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 $ 1,119,630 25.00 $ 2,799
Personal Property 39,600 99
Total Class II $ 1,159,230 $ 2,898
CLASS IV
Real Estate $ 584,580 50.00 $ 2,923
Personal Property 292,153 1,461
Public Utility 971,698 4,858
Total Class IV $ 1,848,431 $ 9,242
Total Value & Projected Revenue $ 3,007,661 $ 12,140
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 607
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 231
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 11,302
Less Assessor Valuation Fund 2.00% 226
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 11,076
STATE OF WEST VIRGINIA
COUNTY OF Fayette
MUNICIPALITY OF PAX
I, Patricia Wolfe, 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 11th day of March, 2024.
Patricia Wolfe
Town Clerk