Legal 3 col x 11-1/4”
0324 0331
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF DAVIS, 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
Unassigned Fund Balance $ 164,240
Property Taxes – Current Expense 141,827
Gas & Oil Severance Tax 2,000
Excise Tax on Utilities 55,000
Wine & Liquor Tax 14,000
Animal Control Tax 230
Hotel Occupancy Tax 55,000
Licenses 6,000
Building Permit Fees 2,000
Franchise Fees 5,000
IRP Fees (Interstate Registration Plan) 16,000
Rents, Royalties and Concessions 200
Refuse Collection 58,000
Gaming Income 8,000
Reimbursements (Explain type of funds & amounts being transferred) 500
Refunds 1,000
Video Lottery (LVL) 20
Miscellaneous Revenues 1,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 530,517
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 9,283
Coal Severance Tax 1,500
TOTAL ESTIMATED REVENUE $ 10,783
(COAL SEVERANCE FUND)
Coal
General Severance
ESTIMATED CURRENT EXPENDITURES Fund Fund
Mayor’s Office 600 –
Recorder’s Office 600 –
Regional Development Authority 759 –
Elections 2,000 –
City Hall 97,099 10,783
Streets and Highways 150,000 –
Street Lights 17,000 –
Central Garage 39,000 –
Garbage Department 101,225 –
Parks & Recreation 33,500 –
Visitors Bureau 35,234 –
Community Center 30,000 –
Arts & Humanities 5,500 –
Beautification Programs 10,000 –
Cemeteries 10,000 –
TOTAL ESTIMATED EXPENDITURES $ 530,517 $ 10,783
MUNICIPALITY OF DAVIS, 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 $ 15,062,240 25.00 $ 37,656
Personal Property 93,234 233
Total Class II $ 15,155,474 $ 37,889
CLASS IV
Real Estate $ 16,443,340 50.00 $ 82,217
Personal Property 4,312,118 21,561
Public Utility 2,519,785 12,599
Total Class IV $ 23,101,382 $ 116,377
Total Value & Projected Revenue $ 36,275,243 $ 154,266
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 7,713
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,931
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 143,622
Less Assessor Valuation Fund 1.25% 1,795
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 141,827
STATE OF WEST VIRGINIA
COUNTY OF Tucker
MUNICIPALITY OF Davis
I, Douglas Martin, 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 10th day of March, 2021.