FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MONTGOMERY, 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 213,269
Property Taxes – Current Expense 127,619
Property Taxes – Excess Levy 65,112
Gas & Oil Severance Tax 3,800
Excise Tax on Utilities 53,000
Business and Occupation Tax 375,000
Wine & Liquor Tax 18,000
Sales Tax 100,000
Fines, Fees and Court Costs 45,000
Parking Violations 3,000
Licenses 12,000
Building Permits Fees 1,000
Franchise Fees 15,000
IRP Fees (Interstate Registration Plan) 12,000
Municipal Service Fees 30,000
Parking Meter Revenues 8,000
Rents and Concessions 12,000
Refuse Collection 185,000
Police Protection Fees 55,000
Fire Protection Fees 55,000
Federal Government Grants 10,000
Contributions from Other Entities 114,300
Contributions from Other Funds 66,800
Gaming Income 11,000
Interest Earned on Investments 1,500
Video Lottery (LVL) 5,000
Miscellaneous Revenue 10,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $1,607,400
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $1
Coal Severance Tax 5,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $5,001
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office $20,718 0
City Council 12,375 0
Recorder’s Office 22,150 0
Treasurer’s Office 2,724 0
Police Judge’s Office 4,345 0
City Attorney 8,210 0
Regional Development Authority 600 0
City Hall 290,850 0
Police Department 539,750 0
Fire Department 66,305 0
Streets and Highways 142,817 5,001
Garage Department 225,880 0
Parks & Recreation 67,076 0
Beautification Programs 3,600 0
Capital Projects – General Government 200,000 0
TOTAL ESTIMATED EXPENDITURES $1,607,400 $5,001
MUNICIPALITY OF MONTGOMERY, 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 $8,560,940 25.00 $21,402
Personal Property 0 0
Total Class II $8,560,940 $21,402
CLASS IV
Real Estate $11,983,220 50.00 $59,916
Personal Property 4,866,472 24,332
Public Utility $6,845,266 $34,226
Total Class IV $23,694,958 $118,474
Total Value and Projected Revenue $32,255,898 $139,876
Less Delinquencies, Exonerations and Uncollectable Taxes 5.00% 6,994
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,658
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $130,224
Less Assessor Valuation Fund 0.02 and 0.02 2,605
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $127,619
MUNICIPALITY OF MONTGOMERY, WEST VIRGINIA
Excess Levy / Levies
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 $8,560,940 12.50 $10,701
Personal Property 0 0
Total Class II $8,560,940 $10,701
CLASS IV
Real Estate $11,983,220 25.00 $29,958
Personal Property 4,866,472 12,166
Public Utility 6,845,266 17,113
Total Class IV $23,694,958 $59,237
Total Value and Projected Revenue $32,255,898 $69,938
Less Delinquencies, Exonerations and Ucollectable Taxes 5.00% 3,497
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,329
Net Amount to be Raised by Levy for Budget Purposes $65,112
MUNICIPALITY OF MONTGOMERY, WEST VIRGINIA
Bond 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 0.00 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $8,560,940 0.00 $0
Personal Property 0 0
Total Class II $8,560,940 $0
CLASS IV
Real Estate $11,983,220 0.00 $0
Personal Property 4,866,472 0
Public Utility 6,845,266 0
Total Class IV $23,694,958 $0
Total Value and Projected Revenue $32,255,898 $0
Less Delinquencies, Exonerations and Ucollectable Taxes 5.00% 0
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 0
Net Amount to be Raised by Levy for Budget Purposes $0
STATE OF WEST VIRGINIA COUNTY OF FAYETTE/KANAWHA
MUNICIPALITY OF MONTGOMERY
I, Dave White, 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 10th day of March, 2020.
Dave White
Recording Officer