FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF GAULEY BRIDGE, 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 (General Fund only) 2,500
Unassigned Fund Balance 1,000
Property Taxes – Current Expense 35,608
Gas & Oil Severance Tax 5,652
Excise Tax on Utilities 32,507
Business and Occupation Tax 124,340
Fines, Fees & Court Costs 5,000
Licenses 3,825
Building Permit Fees 600
IRP Fees (Interstate Registration Plan) 7,875
Rents, Royalties, and Concessions 10,652
Other Grants 105,000
Flood Reimbursement 15,000
Gaming Income 7,121
Sales of Materials 2,559
Video Lottery (LVL) 1,538
TOTAL ESTIMATED REVENUE (GENERAL FUND) $363,777
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund balance (Coal Fund Only) $1,000
Coal Severance Tax 8,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $9,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 6,000 –
City Council 3,000 –
Recorder’s Office 4,800 –
Treasurer’s Office 5,400 –
Police Judge’s Office 2,400 –
City Attorney 10,000 –
Printing 2,000 –
Regional Development Authority 300 –
Elections 2,000 –
City Hall 37,000 –
Internal Audit 4,000 –
Other Buildings #2 6,000 –
Police Department 136,800 –
Streets and Highways 50,000 –
Street Lights 7,400 –
Snow Removal 5,000 –
Central Garage 7,000 –
Street Cleaning 2,677 –
Parks & Recreation 62,000 –
Fair Associations/Festivals 10,000 9,000
TOTAL ESTIMATED EXPENDITURES $ 363,777 $ 9,000
MUNICIPALITY OF GAULEY BRIDGE, 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 $ 3,162,200 25.00 $ 7,906
Personal Property 0 0
Total Class II $ 3,162,200 $ 7,906
CLASS IV
Real Estate $ 3,405,300 50.00 $ 17,027
Personal Property 855,544 4,278
Public Utility 1,963,409 9,817
Total Class IV $ 6,224,253 $ 31,122
Total Value & Projected Revenue $9,386,453 $ 39,028
Less Delinquencies, Exonerations & Uncollected Taxes 5.00% 1,951
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 742
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 36,335
Less Assessor Valuation Fund 2.00% 727
(Subtracted from regular expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 35,608
STATE OF WEST VIRGINIA
COUNTY OF Fayette
MUNICIPALITY OF GAULEY BRIDGE
I, Penny Brouillard, 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 15th day of April, 2025.
/s/ Penny Brouillard
Recorder
ID: 863875