FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MOUNT HOPE, 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 6,748
Property Taxes – Current Expense 90,772
Prior Year Taxes 10,000
Supplemental Taxes 10,000
Property Taxes – Excess Levy 46,310
Tax Penalties, Interest & Publication Fees 3,000
Gas & Oil Severance Tax 3,400
Excise Tax on Utilities 34,000
Business and Occupation Tax 120,000
Wine & Liquor Tax 200
Animal Control Tax 150
Fines, Fees & Court Costs 211,500
Parking Violations 600
Licenses 5,500
Building Permit Fees 500
Miscellaneous Permits 200
Franchise Fees 9,000
IRP Fees (Interstate Registration Plan) 20,000
Rents, Royalties, and Concessions 10,000
Jail Fees 400
Police Protection Fees 3,800
Federal Payment in Lieu of Taxes 10,000
Payroll Reimbursements 500
Gaming Income 11,500
Interest Earned on Investments 75
Refunds 5,000
Accident Reports 300
Video Lottery (LVL) 3,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 616,955
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 3,500
Interest Earned on Investment 25
Reimbursements –
Refunds –
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 4,025
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Economic Development $ – $ –
Mayor’s Office 400 –
City Council 4,506 –
Recorder’s Office 790 –
City Manager’s Office 7,645 –
Treasurer’s Office 20,321 –
Police Judge’s Office 8,025 –
City Attorney 3,000 –
Rehabilitation of Property 20,000 –
Regional Development Authority 510 –
Building Inspection 1,000 –
Planning & Zoning 1,000 –
City Hall 38,514 4,025
Other buildings 5,000 –
Police Department 300,000 –
City Jail 400 –
Dog Warden/Humane Society 500 –
Streets and Highways 140,534 –
Street Lights 26,000 –
Snow Removal 19,000 –
Public Transit 4,560 –
Fair Associations/Festivals 1,000 –
Community Center 8,500 –
Historical Commission 1,500 –
Library 1,000 –
Stadium 3,250 –
TOTAL ESTIMATED EXPENDITURES $ 616,955 $ 4,025
MUNICIPALITY OF MOUNT HOPE, 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 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 8,797,030 25.00 $ 21,993
Personal Property 56,280 141
Total Class II $ 8,853,310 $ 22,133
CLASS IV
Real Estate $ 6,762,960 50.00 $ 33,815
Personal Property 3,190,554 15,953
Public Utility 5,517,133 27,586
Total Class IV $ 15,470,647 $ 77,353
Total Value & Projected Revenue $ 24,323,957 $ 99,487
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 4,974
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,890
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 92,622
Less Assessor Valuation Fund 2.00% 1,852
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 90,770
MUNICIPALITY OF MOUNT HOPE, WEST VIRGINIA
Street Lights & Recreation
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 6.25 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 8,797,030 12.50 $ 10,996
Personal Property 56,280 70
Total Class II $ 8,853,310 $ 11,067
CLASS IV
Real Estate $ 6,762,960 25.00 $ 16,907
Personal Property 3,190,554 7,976
Public Utility 5,517,133 13,793
Total Class IV $ 15,470,647 $ 38,677
Total Value & Projected Revenue $ 24,323,957 $ 49,743
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,487
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 945
Net Amount to be Raised by Levy for Budget Purposes $ 46,311
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE
MUNICIPALITY OF MOUNT HOPE
I, Thomas E Brown , 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 16th day of March, 2019.
(Signature)
RECORDER
(Official Title of Recording Officer)
ID: 384908