FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF OAK HILL, 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 5,000
Committed Fund Balance 275,000
Unassigned Fund Balance 695,308
Property Taxes – Current Expense 822,226
Prior Year Taxes 74,900
Supplemental Taxes 60,000
Tax Penalties, Interest & Publication Fees 13,200
Gas & Oil Severance Tax 17,000
Excise Tax on Utilities 294,000
Business and Occupation Tax 2,250,000
Wine & Liquor Tax 40,000
Hotel Occupancy Tax 152,000
Fines, Fees & Court Costs 156,000
Parking Violations 600
Regional Jail Operations Partial Reimbursement 750
Licenses 35,000
Building Permit Fees 1,800
Miscellaneous Permits 1,560
Franchise Fees 100,000
Inspection Fees 18,000
IRP Fees (Interstate Registration Plan) 60,000
Private Liquor Club Fee 3,000
Municipal Service Fees 2,400
Rents, Royalties, and Concessions 36,000
Federal Government Grants 40,000
Gaming Income 10,800
Interest Earned on Investments 60,500
Reimbursements (Explain type of funds & amounts being transf 60,000
Refunds 17,500
Accident Reports 4,200
Video Lottery (LVL) 18,000
Miscellaneous Revenues 600
TOTAL ESTIMATED REVENUE (GENERAL FUND) $5,325,344
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $5,000
Coal Severance Tax 20,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $25,000
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Civil Service 2,636 –
Mayor’s Office 5,841 –
City Council 44,540 –
City Manager’s Office 388,920 –
Treasurer’s Office 110,145 –
City Clerk’s Office 84,240 –
Police Judge’s Office 72,531 –
Custodial 53,336 –
Regional Development Authority 2,783 –
Planning and Zoning 33,106 –
City Hall 279,465 –
Police Department 1,622,985 –
COPS Grants 56,092 –
Fire Department 133,420 –
Fire Hydrants 10,500 –
Streets and Highways 1,012,175 25,000
Street Lights 72,000 –
Signs and Signals 1,800 –
Central Garage 3,600 –
Storm Sewer 150,000 –
Parks & Recreation 285,145 –
Vistors Bureau 84,000 –
Fair Associations/Festivals 7,000 –
Library 1,500 –
Grants – Culture and Recreation 2,500 –
Beautification Programs 15,400 –
Community Council 13,500 –
Capital Projects – General Government 390,000 –
Capital Projects – Public Safety 233,989 –
Capital Projects – Street and Transportation 152,195 –
TOTAL ESTIMATED EXPENDITURES $5,325,344 $25,000
MUNICIPALITY OF OAK HILL, 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 $115,061,280 25.00 $287,653
Personal Property 495,180 1,238
Total Class II $115,556,460 $288,891
CLASS IV
Real Estate $57,255,590 50.00 $286,278
Personal Property 32,517,748 162,589
Public Utility 32,686,029 163,430
Total Class IV $122,459,367 $612,297
Total Value and Projected Revenue $238,015,827 $901,188
Less Delinquencies, Exonerations and Ucollectable Taxes 5.00% 45,059
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 17,123
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $839,006
Less Assessor Valuation Fund 2.00% 16,780
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $822,226
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE
MUNICIPALITY OF OAK HILL
I, Damita Johnson, 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 9th day of March, 2020.
Damita Johnson
City Clerk-Treasurer