Legal 3 col x 11-1/4”
0406 0412
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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 $ 10,000
Property Taxes – Current Expense 16,907
Tax Loss Restoration 13
Gas & Oil Severance Tax 400
Excise Tax on Utilities 7,500
Wine & Liquor Tax 75
Animal Control Tax 90
Building Permit Fees 10
Franchise Fees 1,295
IRP Fees (Interstate Registration Plan) 4,000
Refuse Collection 22,260
Gaming Income 11,000
Interest Earned on Investments 100
Video Lottery (LVL) 25
Miscellaneous Revenues 12
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 73,687
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 100
Coal Severance Tax 600
Interest Earned on Investment 1
TOTAL ESTIMATED REVENUE $ 701
(COAL SEVERANCE FUND)
General Coal Severance
ESTIMATED CURRENT EXPENDITURES Fund Fund
Mayor’s Office $ 1,410 $ –
City Council 1,650 –
Recorder’s Office 410 –
City Manager’s Office 4,800 –
Custodial 500 –
Regional Development Authority 267 –
City Hall 17,130 –
Public Grounds 2,000 300
Fire Department 120 –
Dog Warden / Humane Society 100 –
Streets and Highways 5,000 –
Street Lights 4,800 –
Snow Removal 10,000 –
Garbage Department 24,000 –
Beautification Programs 1,500 –
Cemeteries – 401
TOTAL ESTIMATED EXPENDITURES $ 73,687 $ 701
MUNICIPALITY OF Hambleton, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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 $ 2,937,910 25.00 $ 7,345
Personal Property 19,452 49
Total Class II $ 2,957,362 $ 7,394
CLASS IV
Real Estate $ 958,910 50.00 $ 4,795
Personal Property 914,839 4,574
Public Utility 334,565 1,673
Total Class IV $ 2,208,314 $ 11,042
Total Value & Projected Revenue $ 5,165,676 $ 18,436
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 922
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 350
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 17,164
Less Assessor Valuation Fund 1.50% 257
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 16,907
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, 2022.