Legal 3 col x 14”
0402 0409
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF FALLING SPRINGS (RENICK), 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 258
Unassigned Fund Balance 49,870
Property Taxes – Current Expense 20,698
Tax Penalties, Interest & Publication Fees 40
Gas & Oil Severance Tax 250
Excise Tax on Utilities 1,774
Business & Occupation Tax 216
Wine & Liquor Tax 119
Animal Control Tax 51
IRP Fees (Interstate Registration Plan) 2,145
Parks & Recreation 100
State Government Grants 400
Other Grants 1,200
Gaming Income 16,987
Video Lottery (LVL) 398
Miscellaneous Revenues 304
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 94,810
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 502
Coal Severance Tax 130
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 632
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 1,350 –
City Council 2,250 –
Recorder’s Office 2,250 –
City Attorney 10,000 –
Regional Development Authority 150 –
City Hall 26,558 –
Other buildings 1,500 –
Fire Department 500 –
Dog Warden / Humane Society 500 –
Ambulance Authority 500 –
Streets and Highways 10,000 –
Snow Removal 10,000 –
Parks & Recreation 5,000 –
Fair Associations / Festivals 6,000 –
Civic Promotions 1,000 –
Beautification Programs 1,000 632
Capital Projects – Street and Transportation 16,552 –
TOTAL ESTIMATED EXPENDITURES $ 94,810 $ 632
MUNICIPALITY OF FALLING SPRINGS (RENICK), 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 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 2,465,680 25.00 $ 6,164
Personal Property 6,606 17
Total Class II $ 2,472,286 $ 6,181
CLASS IV
Real Estate $ 825,000 50.00 $ 4,125
Personal Property 637,720 3,189
Public Utility 1,838,099 9,190
Total Class IV $ 3,300,819 $ 16,504
Total Value & Projected Revenue $ 5,773,105 $ 22,685
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 1,134
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 431
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 21,120
Less Assessor Valuation Fund 2.00% 422
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 20,698
MUNICIPALITY OF FALLING SPRINGS (RENICK), WEST VIRGINIA
Excess Levy / Levies
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 0.00 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 2,465,680 0.00 $ 0
Personal Property 6,606 0
Total Class II $ 2,472,286 $ 0
CLASS IV
Real Estate $ 825,000 0.00 $ 0
Personal Property 637,720 0
Public Utility 1,838,099 0
Total Class IV $ 3,300,819 $ 0
Total Value & Projected Revenue $ 5,773,105 $ 0
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 0
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 0
Net Amount to be Raised by Levy of Budget Purposes $ 0
STATE OF WEST VIRGINIA
COUNTY OF Greenbrier
MUNICIPALITY OF Falling Springs (Renick)
I, Melinda Workman, 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 22nd day of March, 2022. Melinda L. Workman
(Signature)
Town Recorder
(Official Title of Recording Officer)