Legal 3 col x 11-1/2”
0403 0410
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
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 1,107
Unassigned Fund Balance 42,379
Property Taxes – Current Expense 19,216
Tax Penalties, Interest & Publication Fees 38
Gas & Oil Severance Tax 250
Excise Tax on Utilities 1,413
Business & Occupation Tax 240
Wine & Liquor Tax 82
Animal Control Tax 15
Licenses 150
IRP Fees (Interstate Registration Plan) 1,630
Parks & Recreation 500
State Government Grants 500
Other Grants 1,500
Gaming Income 15,839
Video Lottery (LVL) 600
Miscellaneous Revenues 190
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 85,649
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 1,107
Coal Severance Tax 300
Interest Earned on Investment 1
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 1,408
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 1,350 –
City Council 2,250 –
Recorder’s Office 2,250 –
City Attorney 6,629 –
Regional Development Authority 90 –
Elections 1,400 –
City Hall 22,530 –
Fire Department 500 –
Dog Warden / Humane Society 500 –
Ambulance Authority 500 –
Streets and Highways 11,000 –
Snow Removal 4,000 –
Landfill / Incinerator Department 1,000 –
Parks & Recreation 5,000 –
Fair Associations / Festivals 6,000 –
Beautification Programs 1,500 –
Capital Projects – Street and Transportation 19,000 –
TOTAL ESTIMATED EXPENDITURES $ 85,649 $ 1,408
MUNICIPALITY OF FALLING SPRINGS (RENICK), 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 $ 2,293,570 25.00 $ 5,734
Personal Property 0 0
Total Class II $ 2,180,364 $ 5,734
CLASS IV
Real Estate $ 877,050 50.00 $ 4,385
Personal Property 559,778 2,799
Public Utility 1,628,509 8,143
Total Class IV $ 3,065,337 $ 15,327
Total Value & Projected Revenue $ 5,358,907 $ 21,061
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 1,053
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 400
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 19,608
Less Assessor Valuation Fund 2.00% 392
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 19,216
STATE OF WEST VIRGINIA
COUNTY OF Greenbrier
MUNICIPALITY OF Falling Springs (Renick)
I, Melinda L. 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 24th day of March, 2021.
Melinda L. Workman
(Signature)
Town Recorder
(Official Title of Recording Officer)