Legal 3 col x 10-1/2”
0407 0414
FISCAL YEAR JULY 1, 2121 – JUNE 30, 2022
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
Assigned Fund Balance 32,750
Unassigned Fund Balance 10,000
Property Taxes – Current Expense 15,983
Gas & Oil Severance Tax 550
Excise Tax on Utilities 7,500
Wine & Liquor Tax 15
Animal Control Tax 100
Licenses 11
Building Permit Fees 6
Franchise Fees 1,330
IRP Fees (Interstate Registration Plan) 3,600
Refuse Collection 20,300
Gaming Income 9,000
Interest Earned on Investments 75
Video Lottery (LVL) 6
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 101,226
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 100
Coal Severance Tax 700
TOTAL ESTIMATED REVENUE $ 800
(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 4,800 –
Custodial 500 –
Regional Development Authority 267 –
City Hall 19,889 –
Public Grounds 2,000 400
Fire Department 120 –
Dog Warden / Humane Society 100 –
Streets and Highways 42,750 –
Street Lights 4,800 –
Snow Removal 4,000 –
Garbage Department 20,000 –
Cemeteries – 400
TOTAL ESTIMATED EXPENDITURES $ 101,226 $ 800
MUNICIPALITY OF Hambleton, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
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 $ 2,674,410 25.00 $ 6,686
Personal Property 19,476 49
Total Class II $ 2,693,886 $ 6,735
CLASS IV
Real Estate $ 1,006,430 50.00 $ 5,032
Personal Property 771,416 3,857
Public Utility 351,940 1,760
Total Class IV $ 2,129,786 $ 10,649
Total Value & Projected Revenue $ 4,823,672 $ 17,384
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 869
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 330
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 16,185
Less Assessor Valuation Fund 1.25% 202
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 15,983
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 29th day of March, 2021.