FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF SUTTON, 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
Assigned Fund Balance 33,057
Unassigned Fund Balance 168,000
Property Taxes – Current Expense 117,666
Gas & Oil Severance Tax 1,500
Excise Tax on Utilities 63,998
Business and Occupation Tax 60,000
Wine & Liquor Tax 1,000
Animal Control Tax 150
Hotel Occupancy Tax 6,000
Fines, Fees & Court Costs Parking Violations 4,000
Licenses 800
Building Permit Fees 500
IRP Fees (Interstate Registration Plan) 20,000
Private Liquor Club Fee 2,000
Off Street Parking 2,000
Gaming Income 7,500
Video Lottery (LVL) 200
TOTAL ESTIMATED REVENE (GENERAL FUND) $488,371
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $500
Coal Severance Tax 1,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $1,500
ESTIMATED CURRENT EXPENDITURES GENERAL COAL SEVERANCE
FUND FUND
Mayor’s Office 3,000 –
City Council 1,500 –
Recorder’s Office 3,000 –
City Clerk’s Office 32,640 –
Police Judge’s Office 4,000 –
City Attorney 1,000 –
Regional Development Authority 1,300 –
City Hall 85,117 –
Internal Audit 3,000 –
Worthless Checks/Bad Debt Expense 100 –
Other Buildings 3,000 –
Police Department 90,000 –
Fire Department 10,000 –
Fire Hydrants 1,200 –
Streets and Highways 125,000 –
Street Lights 15,600 –
Signs and Signals 2,000 –
Snow Removal 1,400 –
Parks and Recreation 15,000 –
Visitors Bureau 3,000 –
Fairs and Festivals 2,000 –
Library 2,500 –
Beautifications Programs 5,000 –
Capitals Projects – General Government 78,014 1,500
TOTAL ESTIMATED EXPENDITURES $488,371 $1,500
MUNICIPALITY OF SUTTON, 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 $9,441,810 25.00 $23,605
Personal Property 55,878 140
Total Class II $9,497,688 $23,745
CLASS IV
Real Estate $10,246,250 50.00 $51,231
Personal Property 5,521,184 27,606
Public Utility 5,276,510 26,383
Total Class IV $21,043,944 $105,220
Total Value & Projected
Revenue $30,541,632 $128,965
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 6,448
Less Tax Discounts
(Use Total Projected Revenue to calculate) 2.00% 2,450
Less Allowance for Tax Increment Financing
(If Applicable) 0
Total Projected Property Tax Collection $120,067
Less Assessor Valuation Fund 2.00% 2,401
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $117,666
MUNICIPALITY OF SUTTON, WEST VIRGINIA
Excess Levy/Levies
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 0.00 0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $9,441,810 0.00 $0
Personal Property 55,878 $0
Total Class II $9,497,688 $0
CLASS IV
Real Estate $10,246,250 0.00 $0
Personal Property 5,521,184 0
Public Utility 5,276,510 0
Total Class IV $21,043,944 $0
Total Value & Projected $30,541,632 $0
Revenue
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 0
Less Tax Discounts 2.00% 0
(Use Total Projected Revenue to calculate)
Net Amount to be Raised by Levy for Budget Purposes $0
STATE OF WEST VIRGINIA
COUNTY OF BRAXTON
MUNICIPALITY OF SUTTON
I, Robyn Dolan, 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 14th day of March, 2024.
Robyn Dolan – Original Signed
(Signature)
Recorder
(Official Title of Recording Officer)