Legal 3 col x 10-1/2”
0331 0407
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF Hendricks, 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 $ 500
Unassigned Fund Balance 47,000
Property Taxes – Current Expense 31,579
Gas & Oil Severance Tax 650
Excise Tax on Utilities 9,500
Miscellaneous Permits 20
Franchise Fees 150
IRP Fees (Interstate Registration Plan) 7,000
Municipal Service Fees 24,000
Gaming Income 10,500
Video Lottery (LVL) 300
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 131,199
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 800
TOTAL ESTIMATED REVENUE $ 1,300
(COAL SEVERANCE FUND)
General Coal Severance
ESTIMATED CURRENT EXPENDITURES Fund Fund
Mayor’s Office $ 4,800 $ –
City Council 3,000 –
Recorder’s Office 4,800 –
City Attorney 300 –
Custodial 500 –
Regional Development Authority 325 –
Elections 1,200 –
City Hall 27,674 –
Internal Audit 5,000 –
Contingencies 600 –
Streets and Highways 5,000 –
Snow Removal 1,500 –
Garbage Department 25,000 –
Landfill / Incinerator Department – 1,300
Parks & Recreation 4,000 –
Beautification Programs 500 –
Capital Projects – General Government 47,000 –
TOTAL ESTIMATED EXPENDITURES $ 131,199 $ 1,300
MUNICIPALITY OF Hendricks, 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 $ 3,353,460 25.00 $ 8,384
Personal Property 17,922 45
Total Class II $ 3,371,382 $ 8,429
CLASS IV
Real Estate $ 1,990,660 50.00 $ 9,953
Personal Property 2,829,195 14,146
Public Utility 364,482 1,822
Total Class IV $ 5,184,337 $ 25,921
Total Value & Projected Revenue $ 8,555,719 $ 34,350
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 1,718
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 653
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 31,979
Less Assessor Valuation Fund 1.25% 400
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 31,579
STATE OF WEST VIRGINIA
COUNTY OF Tucker
MUNICIPALITY OF Hendricks
I, April R. Miller, 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 9th day of March, 2021.