FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF FAYETTEVILLE, 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 504,292
Unassigned Fund Balance 568,016
Property Taxes – Current Expense 387,755
Prior Year Taxes 36,000
Supplemental Taxes 17,000
Property Taxes – Excess Levy 232,636
Tax Penalties, Interest & Publication Fees 6,000
Gas & Oil Severance Tax 6,500
Excise Tax on Utilities 151,000
Business and Occupation Tax 1,500,000
Wine & Liquor Tax 55,000
Hotel Occupancy Tax 94,000
Insurance Premium Surtax 50,000
Fines, Fees & Court Costs 66,400
Parking Violations 1,000
Licenses 15,000
Building Permit Fees 1,500
Franchise Fees 18,000
Inspection Fees 15,000
IRP Fees (Interstate Registration Plan) 38,000
Rents, Royalties, and Concessions 1,000
State Government Grants 412,250
Gaming Income 11,000
Interest Earned on Investments 3,500
Refunds 6,500
Filing Fees 300
Accident Report 2,000
Video Lottery (LVL) 6,500
Miscellaneous Revenues 4,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $4,210,149
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $100
Coal Severance Tax 9,000
Interest Earned on Investment 2
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $9,102
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 30,600 –
City Council 28,000 –
Recorder’s Office 20,400 –
City Manager’s Office 86,888 –
Treasurer’s Office 73,318 –
Police Judge’s Office 36,000 –
City Attorney 24,000 –
Contributions to Comms/Authorities 85,944 –
Regional Development Authority 3,942 –
Building Inspection 15,000 –
Planning and Zoning 5,000 –
City Hall 281,446 –
Contributions / Transfers to Other Funds 20,000 –
Police Department 1,232,964 –
City Jail 1,000 –
Fire Department 398,204 –
Streets and Highways 551,605 –
Street Lights 35,000 9,102
Street Construction 232,636 –
Public Transit 3,700 –
Recycling Center 84,051 –
Park & Recreation 183,580 –
Visitors Bureau 47,000 –
Fair Associations/Festivals 16,000 –
Arts & Humanities 1,500 –
Library 1,200 –
Beautification Programs 22,000 –
Capital Projects – General Government 689,171 –
TOTAL ESTIMATED EXPENDITURES $4,210,149 $9,102
MUNICIPALITY OF FAYETTEVILLE, 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 10.63 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $64,926,160 21.26 $138,033
Personal Property 55,312 118
Total Class II $64,981,472 $138,151
CLASS IV
Real Estate $42,519,240 42.52 $180,792
Personal Property 19,340,603 82,236
Public Utility 5,600,547 23,814
Total Class IV $67,460,390 $286,842
Total Value and Projected Revenue $132,441,862 $424,993
Less Delinquencies, Exonerations and Ucollectable Taxes 5.00% 21,250
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 8,075
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $395,668
Less Assessor Valuation Fund 2.00% 7,913
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $387,755
MUNICIPALITY OF FAYETTEVILLE, WEST VIRGINIA
EXCESS STREET 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 6.25 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $64,926,160 12.50 $81,158
Personal Property 55,312 69
Total Class II $64,981,472 $81,227
CLASS IV
Real Estate $42,519,240 25.00 $106,298
Personal Property 19,340,603 48,352
Public Utility 5,600,547 14,001
Total Class IV $67,460,390 $168,651
Total Value and Projected Revenue $132,441,862 $249,878
Less Delinquencies, Exonerations and Ucollectable Taxes 5.00% 12,494
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 4,748
Net Amount to be Raised by Levy for Budget Purposes $232,636
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE
MUNICIPALITY OF FAYETTEVILLE
I, Zenda Vance, 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.
Zenda L. Vance
City Recorder