Legal 3 col x 10-1/2”
0323 0330
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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 60,000
Property Taxes – Current Expense 31,691
Gas & Oil Severance Tax 500
Excise Tax on Utilities 9,000
Building Permit Fees 20
Miscellaneous Permits 20
Franchise Fees 200
IRP Fees (Interstate Registration Plan) 15,000
Municipal Service Fees 26,000
Gaming Income 9,000
Video Lottery (LVL) 300
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 152,231
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 500
TOTAL ESTIMATED REVENUE $ 1,000
(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 33,206 –
Internal Audit 5,000 –
Contingencies 600 –
Streets and Highways 5,000 –
Snow Removal 1,500 –
Garbage Department 27,500 –
Landfill / Incinerator Department – 1,000
Parks & Recreation 4,000 –
Beautification Programs 500 –
Capital Projects – General Government 60,000 –
TOTAL ESTIMATED EXPENDITURES $ 152,231 $ 1,000
MUNICIPALITY OF Hendricks, 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 $ 3,499,790 25.00 $ 8,749
Personal Property 8,268 21
Total Class II $ 3,508,058 $ 8,770
CLASS IV
Real Estate $ 2,162,730 50.00 $ 10,814
Personal Property 2,650,957 13,255
Public Utility 344,052 1,720
Total Class IV $ 5,157,739 $ 25,789
Total Value & Projected Revenue $ 8,665,797 $ 34,559
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 1,728
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 657
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 32,174
Less Assessor Valuation Fund 1.50% 483
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 31,691
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 8th day of March, 2022.