FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MONONGAH, 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 or 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 10,000
Property Taxes – Current Expense 82,994
Gas & Oil Severance Tax 2,500
Excise Tax on Utilities 30,000
Business and Occupation Tax 70,000
Wine & Liquor Tax 1,500
Animal Control Tax 100
Fines, Fees and Court Costs 10,000
Licenses 200
Miscellaneous Permits 1,000
Building Permit Fees 300
Franchise Fees 9,500
IRP Fees (Interstate Registration Plan) 9,500
Parks & Recreation 200
Refuse Collection 85,000
Police Protection Fees 18,000
Gaming Income 10,000
Refunds 2,000
Video Lottery (LVL) 5,000
Proceeds from Sale of Bonds 0
Miscellaneous Revenues 50
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $347,844
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 9,000
Coal Severance Tax 3,500
Interest Earned on Investments 5
Reimbursements 0
Refunds 0
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 12,005
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office $1,760 –
City Council 5,400 –
Recorder’s Office 2,160 –
City Clerk’s Office 40,000
Police Judge’s Office 1,000 –
City Attorney 2,000 –
Regional Development Authority 125 –
City Hall 69,463 575
Internal Audit 875 –
Police Department 72,000 –
Fire Department 1,080 –
Dog Warden/Humane Society 590 –
Streets and Highways 61,191 11,430
Garbage Department 90,000 –
Parks & Recreation 100 –
Playgrounds 100 –
TOTAL ESTIMATED EXPENDITURES $347,844 $12,005
MUNICIPALITY OF MONONGAH, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS II
Real Estate $14,095,310 23.34 $32,898
Personal Property 0 0
Total Class II $ 14,095,310 $32,898
CLASS IV
Real Estate $5,954,830 46.68 $27,797
Personal Property 3,918,508 18,292
Public Utility 2,565,664 11,977
Total Class IV $12,439,002 $58,066
Total Value & Projected Revenue $26,534,312 $90,964
Less Delinquencies, Exonerations
& Uncollectable Taxes 5.00% 4,548
Less Tax Discounts 2.00% 1,728
Less Allowance for Tax Increment Financing 0
Total Projected Property Tax Collection 84,688
Less Assessor Valuation Fund 2.00% 1,694
Net Amount to be Raised by Levy of Property Taxes $82,994
State of West Virginia
County of Marion
Municipality of Town of Monongah,
I, Patricia McCombs, 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 March 2020.
Patty McCombs,
Recorder
Times: April 3, 10, 2020
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