FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF SOPHIA, 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 223,356
Property Taxes – Current Expense 148,297
Prior Year Taxes 18,000
Supplemental Taxes 4,200
Tax Loss Restoration 500
Tax Penalties, Interest & Publication Fees 480
Gas & Oil Severance Tax 5,000
Excise Tax on Utilities 42,000
Business and Occupation Tax 303,000
Wine & Liquor Tax 64,000
Sales Tax 320,000
Fines, Fees, & Court Costs 42,000
Licenses 6,000
Franchise Fees 12,800
IRP Fees (Interstate Registration Plan) 12,000
Private Liquor Club Fee 1,400
Rents, Royalties, and Concessions 6,000
Gaming Income 10,800
Interest Earned on Investments 720
Reimbursements 12,000
Refunds 6,000
Accident Reports 1,500
Video Lottery (LVL) 6,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 1,246,053
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 4,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 4,500
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
Mayor’s Office 14,250 –
City Council 25,080 –
Recorder’s Office 8,100 –
Police Judge’s Office 5,244 –
City Attorney 6,000 –
Contributions to Comms/Authorities 1,500 –
City Hall 253,499 –
Other buildings 30,300 –
Public Works Department 129,800 4,500
Police Department 466,420 –
Street Lights 36,000 –
Parks & Recreation 1,200 –
Capital Projects – Public Safety 75,660 –
Capital Projects – Street and Transportation 193,000 –
TOTAL ESTIMATED EXPENDITURES $ 1,246,053 $ 4,500
MUNICIPALITY OF SOPHIA, 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 $ 11,995,330 25.00 $ 29,988
Personal Property 341,766 854
Total Class II $ 12,337,096 $ 30,842
CLASS IV
Real Estate $ 12,828,560 50.00 $ 64,143
Personal Property 11,506,899 52,534
Public Utility 2,003,873 10,019
Total Class IV $ 26,339,332 $ 131,696
Total Value & Projected Revenue $ 38,676,428 $ 162,538
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 8,127
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 3,088
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 151,353
Less Assessor Valuation Fund 2.00% 3,026
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 148,297
MUNICIPALITY OF SOPHIA, WEST VIRGINIA
Excess Levy / Levies
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 0.00 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 11,995,330 0.00 $ 0
Personal Property 341,766 0
Total Class II $ 12,337,096 $ 0
CLASS IV
Real Estate $ 12,828,560 0.00 $ 0
Personal Property 11,506,899 0
Public Utility 2,003,873 0
Total Class IV $ 26,339,332 $ 0
Total Value & Projected Revenue $ 38,676,428 $ 0
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 0
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 0
Net Amount to be Raised by Levy for Budget Purposes $ 0
MUNICIPALITY OF SOPHIA, WEST VIRGINIA
Excess or Bond 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 0.00 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 11,995,330 0.00 $ 0
Personal Property 341,766 0
Total Class II $ 12,337,096 $ 0
CLASS IV
Real Estate $ 12,828,560 0.00 $ 0
Personal Property 11,506,899 0
Public Utility 2,003,873 0
Total Class IV $ 26,339,332 $ 0
Total Value & Projected Revenue $ 38,676,428 $ 0
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 0
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 0
Net Amount to be Raised by Levy for Budget Purposes $ 0
STATE OF WEST VIRGINIA
COUNTY OF Raleigh
MUNICIPALITY OF SOPHIA
I, Darin Viars, 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 20 day of March, 2025.
Darin Viars (Signature)
RECORDER
(Official Title of Recording Officer)