Legal 3 col x 11”
0330 0406
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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 $ 164,544
Property Taxes – Current Expense 149,792
Gas & Oil Severance Tax 2,000
Excise Tax on Utilities 74,000
Wine & Liquor Tax 24,000
Animal Control Tax 230
Hotel Occupancy Tax 55,000
Licenses 8,000
Building Permit Fees 2,000
Franchise Fees 5,000
IRP Fees (Interstate Registration Plan) 30,000
Rents, Royalties and Concessions 100
Refuse Collection 70,000
Gaming Income 11,000
Reimbursements (Explain type of funds & amounts being transferred) 500
Refunds 1,000
Video Lottery (LVL) 115
Miscellaneous Revenues 1,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 598,781
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 10,421
Coal Severance Tax 1,500
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 11,921
Coal
General Severance
ESTIMATED CURRENT EXPENDITURES Fund Fund
Mayor’s Office 600 –
Recorder’s Office 600 –
Regional Development Authority 690 –
Elections 1,000 –
City Hall 121,355 11,921
Streets and Highways 181,645 –
Street Lights 17,000 –
Central Garage 39,000 –
Garbage Department 112,400 –
Parks & Recreation 33,500 –
Visitors Bureau 35,234 –
Community Center 30,257 –
Arts & Humanities 5,500 –
Beautification Programs 10,000 –
Cemeteries 10,000 –
TOTAL ESTIMATED EXPENDITURES $ 598,781 $ 11,921
MUNICIPALITY OF DAVIS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 12.04 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 17,184,040 24.08 $ 41,379
Personal Property 130,998 315
Total Class II $ 17,315,038 $ 41,694
CLASS IV
Real Estate $ 17,675,020 48.16 $ 85,123
Personal Property 5,065,980 24,398
Public Utility 2,518,508 12,129
Total Class IV $ 25,259,508 $ 121,650
Total Value & Projected Revenue $ 42,574,546 $ 163,344
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 8,167
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 3,104
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 152,073
Less Assessor Valuation Fund 1.50% 2,281
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 149,792
STATE OF WEST VIRGINIA
COUNTY OF Tucker
MUNICIPALITY OF Davis
I, Jennie Helmick, 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 23rd day of March, 2022.