FISCAL YEAR JULY 1, 2020- JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF SMITHERS, 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 –
Unassigned Fund Balance 17,129
Property Taxes – Current Expense 63,286
Property Taxes – Excess Levy 32,288
Gas & Oil Severance Tax 2,000
Excise Tax on Utilities 29,000
Business and Occupation Tax 245,500
Wine & Liquor Tax 9,000
Fines, Fees and Court Costs 30,050
Licenses 3,000
Building Permits Fees 921
Miscellaneous Permit fees 50
Franchise Fees 1,100
IRP Fees (Interstate Registration Plan) 13,000
Rents and Concessions 240
Refuse Collection 121,506
State Government Grants 350,000
Contributions from Other Entities 75,000
Gaming Income 11,110
Video Lottery (LVL) 2,038
Miscellaneous Revenue 17,018
TOTAL ESTIMATED REVENUE (GENERAL FUND) $1,023,236
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $500
Coal Severance Tax 2,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $2,500
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 9,400 –
City Council 8,000 –
Recorder’s Office 7,600 –
Treasurer’s Office 4,500 –
Police Judge’s Office 3,600 –
Regional Development Authority 300 –
City Hall 195,819 2,500
Internal Audit 6,200 –
Contributions / Transfers to Other Funds 101,600 –
Police Department 168,811 –
Dams & Dredging 3,000 –
Streets and Highways 38,610 –
Street Lights 12,800 –
Snow Removal 1,000 –
Garage Department 84,796 –
Landfill / Incinerator Department 26,000 –
Fair Associations/Festivals 200 –
Beautification Programs 351,000 –
TOTAL ESTIMATED EXPENDITURES $1,023,236 $2,500
MUNICIPALITY OF SMITHERS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
Certificate of Valuation
Asessed 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 $4,630,730 25.00 $11,577
Personal Property 35,502 89
Total Class II $4,666,232 $11,666
CLASS IV
Real Estate $6,145,480 50.00 $30,727
Personal Property 3,052,259 15,261
Public Utility $2,341,718 11,709
Total Class IV 11,539,457 $57,697
Total Value and Projected Revenue $16,205,689 $69,363
Less Delinquencies, Exonerations and Uncollectable Taxes 5.00% 3,468
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,318
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $64,577
Less Assessor Valuation Fund 0.02 and 0.02 1,291
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $63,286
MUNICIPALITY OF SMITHERS, WEST VIRGINIA
Excess Levy / Levies
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 6.25 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $4,630,730 12.50 $5,788
Personal Property 35,502 44
Total Class II $4,666,232 $5,832
CLASS IV
Real Estate $6,145,480 50.00 $15,364
Personal Property 3,052,259 7,631
Public Utility $2,341,718 5,854
Total Class IV 11,539,457 $28,849
Total Value and Projected Revenue $16,205,689 $34,681
Less Delinquencies, Exonerations and Uncollectable Taxes 5.00% 1,734
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 659
Net Amount to be Raised by Levy for Budget Purposes $32,288
MUNICIPALITY OF SMITHERS, WEST VIRGINIA
Bond 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 0.00 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $4,630,730 0.00 $0
Personal Property 35,502 0
Total Class II $4,666,232 $0
CLASS IV
Real Estate $6,145,480 50.00 $0
Personal Property 3,052,259 0
Public Utility $2,341,718 0
Total Class IV 11,539,457 $0
Total Value and Projected Revenue $16,205,689 $0
Less Delinquencies, Exonerations and 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 Fayette
MUNICIPALITY OF SMITHERS
I, Patsy Tucker, 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 24th day of March, 2020.
Patsy C. Tucker
Recorder