FISCAL YEAR JULY 1,2021 – JUNE 30,2022
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF HUTTONSVILLE, WEST VIRGINIA
In accordance with code section 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 30,000
Property Taxes – Current Expense 17,164
Prior Year Taxes 500
Supplemental Taxes 250
Tax Penalties, Interest & Publication Fees 100
Gas & Oil Severance Tax 400
Excise Tax on Utilities 5,000
Wine & Liquor Tax 27,500
Animal Control Tax 25
Licenses 450
Franchise Fees 4,000
IRP Fees (Interstate Registration Plan) 2,000
Rents, Royalties, and Concessions 9,600
Civic Center / Coliseum 250
Transfers from Rain Day Fund 25,000
Gaming Income 8,000
Video Lottery (LVL) 500
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 130,739
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 300
Coal Severance Tax 900
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 1,200
General Coal
Fund Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 1,620 –
City Council 6,000 –
Recorder’s Office 1,620 –
Treasurer’s Office 10,000 –
Housing Authority 50 –
Regional Development Authority 254 –
City Hall 78,645 1,200
Streets and Highways 5,000 –
Street Lights 2,400 –
Snow Removal 1,500 –
Storm Sewer 4,000 –
Water & Sewer 650 –
Parks & Recreation 2,000 –
Playgrounds 15,000 –
Library 1,000 –
Aging Program (Senior Citizens) 1,000 –
TOTAL ESTIMATED EXPENDITURES $ 130,739 $ 1,200
MUNICIPALITY OF HUTTONSVILLE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
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 $ 2,758,890 25.00 $ 6,897
Personal Property 120,444 301
Total Class II $ 2,879,334 $ 7,198
CLASS IV
Real Estate $ 921,630 50.00 $ 4,608
Personal Property 721,012 3,605
Public Utility 680,145 3,401
Total Class IV $ 2,322,787 $ 11,614
Total Value & Projected
Revenue $ 5,202,121 $ 18,812
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 941
Less Tax Discounts (use Total
Projected Revenue to Calculate) 2.00% 357
Less Allowance for Tax Increment
Financing (if Applicable) 0
Total Projected Property Tax Collection $ 17,514
Less Assessor Valuation Fund 2.00% 350
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy
of Property Taxes $ 17,164
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF HUTTONSVILLE
I, SUZANNE THOMPSON, 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, 2021.
Suzanne Thompson
COUNCIL PERSON
3-17, 3-24