FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF BECKLEY, 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 1,395,985
Property Taxes – Current Expense 2,861,733
Prior Year Taxes 164,500
Supplemental Taxes 290,000
Tax Penalties, Interest & Publication Fees 6,000
Gas & Oil Severance Tax 10,000
Excise Tax on Utilities 750,000
Business and Occupation Tax 10,000,000
Wine & Liquor Tax 192,000
Hotel Occupancy Tax 920,000
Sales Tax 4,900,000
Fines, Fees & Court Costs 220,000
Licenses 42,000
Building Permit Fees 57,000
Miscellaneous Permits 50
Franchise Fees 260,000
IRP Fees (Interstate Registration Plan) 140,000
Private Liquor Club Fee 12,000
Emergency Service Fee 3,000
Federal Government Grants 750,000
Contributions from Other Entities 902,000
Gaming Income 12,000
Interest Earned on Investments 12,000
Reimbursements (Explain type of funds & amounts being transferred,
“Expenditures” tab Cell Reference A662 : D666) 265,000
Refunds 7,200
Sale of Fixed Assets 12,000
Insurance Claims 25,000
Accident Reports 24,000
Recycling Program 900
Video Lottery (LVL) 52,000
Miscellaneous Revenues 20,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 24,306,868
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 10,000
Coal Severance Tax 45,000
Interest Earned on Investment 250
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 55,250
General Coal Severance Fund Fund ESTIMATED CURRENT EXPENDITURES Economic Development $ 24,000 $ –
Federal Grants 750,000 –
Mayor’s Office 173,450 –
City Council 63,600 –
Recorder’s Office 2,301,987 –
Police Judge’s Office 58,900 –
City Attorney 113,200 –
Community Development (Housing) 5,000 –
Contributions to Comms/Authorities 460,000 –
Regional Development Authority 18,000 –
Building Inspection 430,500 –
Data Processing 877,500 –
City Hall 183,500 –
Parking 122,000 –
Contingencies 389,081 –
Police Department 6,148,400 –
Fire Department 5,008,000 –
Streets and Highways 3,632,150 –
Street Lights 200,000 –
Signs and Signals 68,000 –
Snow Removal 175,000 –
Street Construction 475,000 25,250
Street Cleaning 33,000 –
Recycling Center 108,100 –
Parks & Recreation 460,000 30,000
Visitors Bureau 460,000 –
Human Rights / Affirmative Action 3,500 –
Capital Projects – General Government 420,000 –
Capital Projects – Public Safety 835,000 –
Capital Projects – Street and Transportation 250,000 –
Capital Projects – Health and Sanitation 10,000 –
Capital Projects – Culture and Recreation 50,000 –
TOTAL ESTIMATED EXPENDITURES $ 24,306,868 $ 55,250
MUNICIPALITY OF BECKLEY, WEST VIRGINIA
Regular Current Expense Levy
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 $ 272,280,210 25.00 $ 680,701
Personal Property 103,488 259
Total Class II $ 272,383,698 $ 680,960
CLASS IV Real Estate $ 322,773,800 50.00 $ 1,613,869
Personal Property 141,218,805 706,094
Public Utility 40,290,797 201,454
Total Class IV $ 504,283,402 $ 2,521,417
Total Value & Projected Revenue $ 776,667,100 $ 3,202,377
Less Delinquencies, Exonerations & Uncollectable Taxes 7.00% 224,166
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 59,564
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 2,918,647
Less Assessor Valuation Fund 1.95% 56,914
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 2,861,733
STATE OF WEST VIRGINIA
COUNTY OF Raleigh
MUNICIPALITY OF BECKLEY
I, Billie Trump, 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 21st day of April, 2020.
Billie Trump
(Signature)
Recorder / Treasurer
(Official Title of Recording Officer)
ID: 385797