FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF RAINELLE, 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
Restricted Fund Balance 314,126
Assigned Fund Balance 104,930
Unassigned Fund Balance 56,000
Property Taxes – Current Expense 112,663
Gas & Oil Severance Tax 4,000
Excise Tax on Utilities 21,000
Business and Occupation Tax 175,000
Wine & Liquor Tax 17,800
Animal Control Tax 400
Fines, Fees & Court Costs 30,000
Licenses 8,000
Building Permit Fees 3,000
Miscellaneous Permits 300
Franchise Fees 14,500
IRP Fees (Interstate Registration Plan) 16,500
Parks & Recreation 20,000
Municipal Service Fees 38,000
Rents, Royalties, and Concessions 18,000
Refuse Collection 195,000
Other Grants 40,000
Payroll Reimbursements 13,300
Gaming Income 21,000
Interest Earned on Investments 400
Refunds 4,000
Accident Reports 300
Video Lottery (LVL) 5,500
Miscellaneous Revenues 500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $1,234,219
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $14,000
Coal Severance Tax 5,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $19,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Federal Grants $53,816 $-
State Grants 80,388 –
Mayor’s Office 4,875 –
City Council 10,000 –
Recorder’s Office 5,475 –
City Clerk’s Office 24,575 –
Police Judge’s Office 4,200 –
Other Grants 178,391 –
Regional Development Authority 542 –
City Hall 184,250 –
Police Department 198,100 –
Flood Control/ Soil Conservation 57,172 –
Fire Hydrants 5,572 –
Streets and Highways 102,950 –
Street Lights 15,000 –
Snow Removal 1,000 –
Central Garage 2,500 –
Street Construction 57,172 19,000
Sidewalks 1,000 –
Garbage Department 151,710 –
Landfill/Incinerator Department 53,000 –
Recycling Center 200 –
Parks & Recreation 7,000 –
Swimming Pools 26,800 –
Library 7,000 –
Cemeteries 1,531 –
TOTAL ESTIMATED EXPENDITURES $1,234,219 $19,000
MUNICIPALITY OF RAINELLE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
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 $7,118,820 25.00 $17,797
Personal Property 26,850 67
Total Class II $7,145,670 $17,864
CLASS IV
Real Estate $10,786,130 50.00 $53,931
Personal Property 6,478,705 32,394
Public Utility 3,858,660 19,293
Total Class IV $21,123,495 $105,617
Total Value and Projected Revenue $28,269,165 $123,482
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 6,174
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,346
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $114,961
Less Assessor Valuation Fund 2.00% 2,299
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $112,662
STATE OF WEST VIRGINIA
COUNTY OF GREENBRIER
MUNICIPALITY OF RAINELLE
I, BILL BELL, 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 26th day of March, 2020.
Bill Bell
Recorder
ID: 380601