FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF ANSTED, 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 20,000
Property Taxes – Current Expense 84,797
Gas & Oil Severance Tax 3,300
Excise Tax on Utilities 52,000
Business and Occupation Tax 190,000
Wine & Liquor Tax 500
Animal Control Tax 9
Hotel Occupancy Tax 43,000
Fines, Fees & Court Costs 10,000
Licenses 5,000
Building Permit Fees 300
Franchise Fees 2,000
IRP Fees (Interstate Registration Plan) 25,000
Parks & Recreation 100
Municipal Service Fees 100
Gaming Income 10,000
Interest Earned on Investments 20
Sales of Materials 5,000
Recycling Program 200
Video Lottery (LVL) 3,000
Miscellaneous Revenues 100
TOTAL ESTIMATED REVENUE (GENERAL FUND) $454,426
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $200
Coal Severance Tax 4,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $4,200
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 3,000 –
City Council 1,800 –
Recorder’s Office 2,400 –
City Manager’s Office 6,000 –
Police Judge’s Office 2,400 –
Regional Development Authority 505 –
Building Inspection 200 –
Elections 4,000 –
City Hall 126,921 –
Police Department 110,000 –
Streets and Highways 140,000 4,200
Street Lights 13,000 –
Parks & Recreation 21,500 –
Visitors Bureau 21,500 –
Library 1,200 –
TOTAL ESTIMATED EXPENDITURES $454,426 $4,200
MUNICIPALITY OF ANSTED, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2019 – JUNE 30, 2020
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $0 12.27 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate 13,391,880 24.54 32,864
Personal Property 185,604 455
Total Class II $13,577,484 $33,319
CLASS IV
Real Estate $6,508,780 49.08 $31,945
Personal Property 2,766,686 13,579
Public Utility 2,872,377 14,098
Total Class IV $12,147,843 $59,622
Total Value and Projected Revenue $25,725,327 $92,941
Less Delinquencies, Exonerations and Ucollectable Taxes 5.00% 4,647
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,766
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $86,528
Less Assessor Valuation Fund 2.00% 1,731
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $84,797
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE
MUNICIPALITY OF ANSTED
I, Christina Marin-Gill, 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 19th day of March, 2020.
Christina Marin-Gill
Recorder