Marion

FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021 LEVY ESTIMATE – BUDGET DOCUMENT STATE OF WEST VIRGINIA MUNICIPALITY OF Pleasant Valley, West Virginia

FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF Pleasant Valley, 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 collectable from every source during the fiscal year INCLUDING THE LEVY OF TAXES, is as follows:
REVENUE SOURCE
Unassigned Fund Balance $ 400,000
Property Taxes – Current Expense 157,419
Gas & Oil Severance Tax 10,000
Excise Tax on Utilities 90,000
Wine & Liquor Tax 2,200
Hotel Occupancy Tax 290,000
Fines, Fees & Court Costs 400
Building Permit Fees 2,400
Franchise Fees 13,000
IRP Fees (Interstate Registration Plan) 160,000
Rents, Royalties, and Concessions 200
State Government Grants 180,000
Other Grants 1,500
Gaming Income 11,500
Interest Earned on Investments 3,598
Video Lottery (LVL) 17,500
Miscellaneous Revenues 16,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 1,355,717
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 107,000
Coal Severance Tax 9,500
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 116,500
ESTIMATED CURRENT EXPENDITURES
General Coal Severance
Fund Fund
Zoning Board $ 600
Mayor’s Office 5,800
City Council 9,900
City Clerk’s Office 43,980
City Attorney 11,000
Engineering 40,000
Enforcement Agency 12,150
Rehabilitation of Property 75,000
Printing 450
Custodial 1,500
Regional Development Authority 945
Planning & Zoning 4,750
Elections 250
City Hall 54,620
Contributions / Transfers to Other Funds 18,500
Public Grounds 24,370
Contingencies 135,500 10,000
Fire Department 85,000
Dog Warden/Humane Society 4,600
Flood Control/Soil Conservation 58,700
Fire Hydrants 8,400
Street Lights 34,000
Signs & Signals 1,000
Street Cleaning 3,000
Sidewalks 180,000
Parks & Recreation 78,900
Visitors Bureau 145,000
Fairs Associations/Festivals 8,500
Youth Program 3,500
Playgrounds 1,500
Historical Commission 2,000
Civic Promotions 4,300
Beautification Programs 46,300
Capital Project – General Government 171,702 106,500
Capital Project – Street and Transportation 80,000
TOTAL ESTIMATED EXPENDITURES $ 1,355,717 $ 116,500
MUNICIPALITY OF Pleasant Valley, 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 I
Personal Property $ 0 3.15 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 87,388,760 6.30 $ 55,055
Personal Property 130,900 82
Total Class II $ 97,519,660 $ 55,137
CLASS IV
Real Estate $ 52,839,790 12.60 $ 66,578
Personal Property 36,201,568 45,614
Public Utility 4,133,589 5,208
Total Class IV $ 93,174,947 117,400
Total Value &
Projected Revenue $ 180,694,607 $ 172,537
Less Delinquencies, Exoneration & Uncollectable Taxes 5.00% 8,627
Less Tax Discounts 2.00% 3,278
Less Allowance for Tax Increment Financing 0
Total Projected Property Tax Collection 160,632
Less Assessor Valuation Fund 2.00% 3,213
Net amount to be Raised by Levy of Property Taxes $ 157,419
STATE OF WEST VIRGINIA
COUNTY OF MARION
MUNICIPALITY OF PLEASANT VALLEY
I, Barbara Metcalfe, 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 17th day of March, 2020.
Barbara Metcalfe, Mayor
Times: March 30, April 6, 2020