FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF ELKINS, WEST VIRGINIA
In accordance with Code Section 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 648,261
Property Taxes – Current Expense 1,220,605
Prior Year Taxes 5,000
Supplemental Taxes 5,000
Tax Loss Restoration 500
Gas & Oil Severance Tax 50,000
Excise Tax on Utilities 395,000
Business and Occupation Tax 1,604,000
Wine & Liquor Tax 92,000
Animal Control Tax 1,700
Hotel Occupancy Tax 200,200
Sales Tax 1,400,000
Fines, Fees & Court Costs 51,600
Parking Violations 4,000
Regional Jail Operations Partial Reimbursement 850
Licenses 27,500
Building Permit Fees 28,000
Miscellaneous Permits 200
Franchise Fees 67,000
IRP Fees (Interstate Registration Plan) 60,000
Municipal Service Fees2,300Rents, Royalties, and Concessions 43,000
Refuse Collection 1,500
Charges to Other Funds 201,017
Payment in Lieu of Taxes 17,000
Gaming Income 10,000
Interest Earned on Investments 75,000
Reimbursements 10,000
Refunds 9,000
Filing Fees 300
Accident Reports 2,000
Recycling Program 4,260
Video Lottery (LVL) 25,000
Miscellaneous Revenues (provide details on ‘Explanations’ tab) 5,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $6,266,793
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $185,000
Coal Severance Tax 10,000
Interest Earned on Investment 2,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $197,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 33,730 –
City Council 88,258 –
Treasurer’s Office 329,700 –
City Clerk’s Office 222,749 –
Police Judge’s Office 156,262 –
City Attorney 80,000 –
City Auditor 25,000 –
Main Street Program 5,000 –
Contributions to Comms/Authorities 41,700 –
Custodial 154,600 –
Regional Development Authority 8,000 –
Building Inspection 84,300 –
Planning & Zoning 14,000 –
Elections 14,600 –
City Hall 522,000 197,000
Public Works Department 175,550 –
Police Department 1,670,065 –
Police-Special Duty 84,153 –
Dog Warden/Humane Society 19,100 –
Ambulance Authority 50,000 –
Flood Control/ Soil Conservation 51,000 –
Streets and Highways 1,246,550 –
Street Lights 108,000 –
Signs and Signals 24,000 –
Snow Removal 25,000 –
Central Garage 185,300 –
Airports 15,000 –
Public Transit 15,000 –
Recycling Center 4,500 –
Local Health Department 5,500 –
Storm Sewer 15,000 –
Parks & Recreation 305,796 –
Visitors Bureau 100,000 –
Civic Center – Municipal Auditorium 125,650 –
Historical Commission 4,000 –
Civic Promotions 6,934 –
Library 22,500 –
Beautification Programs 48,000 –
Human Resources 180,296 –
TOTAL ESTIMATED EXPENDITURES $6,266,793 $197,000
MUNICIPALITY OF ELKINS, 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 $139,437,070 25.00 $348,593
Personal Property 796,482 1,991
Total Class II $140,233,552 $350,584
CLASS IV
Real Estate $115,972,130 50.00 $579,861
Personal Property 70,798,996 353,995
Public Utility 16,098,362 80,492
Total Class IV $202,869,488 $1,014,348
Total Value & Projected Revenue $343,103,040 $1,364,932
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 68,247
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 25,934
Less Allowance for Tax Increment Financing (if Applicable) 25,236
Total Projected Property Tax Collection $1,245,515
Less Assessor Valuation Fund 2.00% 24,910
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $1,220,605
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF ELKINS
I, Sutton Stokes, Recording Officer of said municipality, do here by 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 21st day of March, 2024.
Sutton Stokes
CITY CLERK
4/3, 4/10