FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MOUNT HOPE, 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
Nonspendable Fund Balance $ –
Restricted Fund Balance –
Committed Fund Balance 225,000
Assigned Fund Balance (General Fund only) –
Unassigned Fund Balance 22,138
Property Taxes – Current Expense 116,257
Prior Year Taxes 10,000
Supplemental Taxes 10,000
Tax Loss Restoration 3,429
Property Taxes – Excess Levy 59,314
Tax Penalties, Interest & Publication Fees 4,000
Gas & Oil Severance Tax 4,000
Excise Tax on Utilities 47,000
Business and Occupation Tax 125,000
Wine & Liquor Tax 300
Animal Control Tax 100
Fines, Fees & Court Costs 135,080
Parking Violations 300
Licenses 6,000
Building Permit Fees 400
Miscellaneous Permits 200
Franchise Fees 9,000
IRP Fees (Interstate Registration Plan) 35,000
Rents, Royalties, and Concessions 10,000
Police Protection Fees 7,000
Charges for Services 200
Contributions from Other Entities 21,300
Payment in Lieu of Taxes 15,000
Gaming Income 11,000
Interest Earned on Investments 500
Refunds 3,000
Accident Reports 150
Video Lottery (LVL) 4,000
Miscellaneous Revenues (provide details on ‘Explanations’ tab) 150
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 884,818
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance (Coal Fund Only) $ 6,282
Coal Severance Tax 4,200
Interest Earned on Investment 8
Reimbursements –
Refunds –
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 10,490
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Economic Development $ – $ –
Mayor’s Office 400 –
City Council 4,506 –
Recorder’s Office 5,204 –
Treasurer’s Office 22,960 –
Police Judge’s Office 4,475 –
City Attorney 10,000 –
Regional Development Authority 460 –
City Hall 57,459 10,490
Police Department 265,175 –
Regional Jail 2,000
Streets and Highways 216,079 –
Street Lights 34,500 –
Snow Removal 12,600 –
Sidewalks 75,000
Public Transit 5,000 –
Storm Sewer 3,000 –
Fair Associations/Festivals 500 –
Community Center 8,000 –
Library 1,500 –
Stadium 5,000 –
Beautification Programs 1,000 –
Capital Projects – Street and Transportation 150,000 –
TOTAL ESTIMATED EXPENDITURES $ 884,818 $ 10,490
MUNICIPALITY OF MOUNT HOPE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
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 $ 14,614,850 25.00 $ 36,537
Personal Property 57,360 143
Total Class II $ 14,672,210 $ 36,681
CLASS IV
Real Estate $ 7,824,580 50.00 $ 39,123
Personal Property 4,784,921 23,925
Public Utility 5,538,764 27,694
Total Class IV $ 18,148,265 $ 90,741
Total Value & Projected Revenue $ 32,820,745 $ 127,422
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 6,371
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,421
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 118,630
Less Assessor Valuation Fund 2.00% 2,373
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 116,257
MUNICIPALITY OF MOUNT HOPE, WEST VIRGINIA
Street Lighting, Street Repairs and Maintenance, & Recreational Facilities
FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 6.25 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 14,614,850 12.50 $ 18,269
Personal Property 57,360 72
Total Class II $ 14,672,210 $ 18,340
CLASS IV
Real Estate $ 7,824,580 25.00 $ 19,561
Personal Property 4,784,921 11,962
Public Utility 5,538,764 13,847
Total Class IV $ 18,148,265 $ 45,371
Total Value & Projected Revenue $ 32,820,475 $ 63,711
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 3,186
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,211
Net Amount to be Raised by Levy for Budget Purposes $ 59,315
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE
MUNICIPALITY OF MOUNT HOPE
I, Daniel C Logan, 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 25th day of March, 2025.
DANIEL C LOGAN
(Signature)
RECORDER
(Official Title of Recording Officer