Legal 3 col x 11-3/4”
0410 0417
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF Hambleton, 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 $ 20,000
Property Taxes – Current Expense 19,025
Gas & Oil Severance Tax 1,500
Excise Tax on Utilities 8,600
Wine & Liquor Tax 90
Animal Control Tax 80
Franchise Fees 925
IRP Fees (Interstate Registration Plan) 4,400
Refuse Collection 21,500
Gaming Income 10,300
Interest Earned on Investments 80
Video Lottery (LVL) 100
Miscellaneous Revenues 25
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 86,625
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 100
Coal Severance Tax 900
Interest Earned on Investment 2
TOTAL ESTIMATED REVENUE $ 1,002
(COAL SEVERANCE FUND)
General Coal Severance
ESTIMATED CURRENT EXPENDITURES Fund Fund
Mayor’s Office $ 1,200 $ –
City Council 600 –
Recorder’s Office 200 –
City Clerk’s Office 3,600 –
Custodial 500 –
Regional Development Authority 251 –
Public Grounds 6,500 450
Fire Department 120 –
Dog Warden / Humane Society 100 –
Streets and Highways 5,000 –
Street Lights 5,000 –
Snow Removal 4,000 –
Central Garage 1,000 –
Sidewalks 5,000 –
Garbage Department 27,000 –
Playgrounds 3,000 –
Grants – Culture and Recreation 3,000 –
Beautification Programs 2,000 –
Cemeteries – 552
TOTAL ESTIMATED EXPENDITURES $ 86,625 $ 1,002
MUNICIPALITY OF Hambleton, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 12.48 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 3,519,350 24.96 $ 8,784
Personal Property 17,982 45
Total Class II $ 3,537,332 $ 8,829
CLASS IV
Real Estate $ 1,014,810 49.92 $ 5,066
Personal Property 1,030,846 5,146
Public Utility 341,535 1,705
Total Class IV $ 2,387,191 $ 11,917
Total Value & Projected Revenue $ 5,924,523 $ 20,746
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 1,037
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 394
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 19,315
Less Assessor Valuation Fund 1.50% 290
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 19,025
STATE OF WEST VIRGINIA
COUNTY OF Tucker
MUNICIPALITY OF Hambleton
I, Michael A. Griffith, 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 28th day of March, 2024.