FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF FAIRVIEW, 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 29,000
Property Taxes – Current Expense 34,703
Gas & Oil Severance Tax 850
Excise Tax on Utilities 16,000
Business and Occupation Tax 36,490
Wine & Liquor Tax 120
Animal Control Tax 32
Fines, Fees & Court Costs 23,000
Licenses 1,250
IRP Fees (Interstate Registration Plan) 3,500
Gaming Income 9,000
Interest Earned on Investments 100
Reimbursements –
Accident Reports 100
Video Lottery (LVL) 2,800
Miscellaneous Revenues 2,700
TOTAL ESTIMATE REVENUE
(GENERAL FUND) $ 159,645
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 1,000
Coal Severance Tax 1,200
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 2,200
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 500
City Council 1,250
Recorder’s Office 1,800
Police Judge’s Office 600
City Attorney 2,500
City Auditor 10,000
Custodial 2,400
Regional Development Authority 1,250
City Hall 71,820 1,200
Police Department 40,000
Fire Department 500
Dog Warden/Humane Society 600
Streets and Highways 14,000
Street Lights 8,000
Signs and Signals 425
Snow Removal 3,000
Fair Associations / Festivals 1,000
Playgrounds 750
Library 250
TOTAL ESTIMATED EXPENDITURES $ 159,645 $ 2,200
MUNICIPALITY OF FAIRVIEW, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
for Tax Purposes
CLASS I
Personal Property $ 0 12.50 $ 0
Public Utility 0 0
Total Class I 0 0
CLASS II
Real Estate $ 4,252,010 25.00 $ 10,630
Personal Property 0 0
Total Class II $ 4,252,010 $ 10,630
CLASS IV
Real Estate $ 2,218,840 50.00 $ 11,094
Personal Property 1,317,410 6,587
Public Utility 1,944,965 9,725
Total Class IV $ 5,481,215 $ 27,406
Total Value & Projected Revenue $ 9,733,225 $ 38,036
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 1,902
Less Tax Discounts 2.00% 723
Less Allowance for Tax Increment Financing 0
Total Projected Property Tax Collection 35,411
Less Assessor Valuation Fund 2.00% 708
Net Amount to be Raised by Levy of Property Taxes $ 34,703
STATE OF WEST VIRGINIA
COUNTY OF MARION
MUNICIPALITY OF FAIRVIEW
I, Heather Tuttle, 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 said municipality on the 25th day March, 2020.
Heather Tuttle
Recorder & City Clerk
Times: March 28, April 4, 2020
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