Legal 3 col x 10-1/2”
0320 0327
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
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 69,000
Property Taxes – Current Expense 38,141
Gas & Oil Severance Tax 1,100
Excise Tax on Utilities 12,000
Building Permit Fees 20
Miscellaneous Permits 20
Franchise Fees 200
IRP Fees (Interstate Registration Plan) 12,000
Municipal Service Fees 24,000
Gaming Income 11,000
Video Lottery (LVL) 200
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 168,181
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 1,100
TOTAL ESTIMATED REVENUE $ 1,100
(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 500 –
Custodial 500 –
Regional Development Authority 325 –
Elections 1,700 –
City Hall 40,456 –
Internal Audit 3,000 –
Contingencies 600 –
Streets and Highways 5,000 –
Snow Removal 2,000 –
Garbage Department 28,000 –
Landfill / Incinerator Department – 1,100
Parks & Recreation 4,000 –
Beautification Programs 500 –
Capital Projects – General Government 69,000 –
TOTAL ESTIMATED EXPENDITURES $ 168,181 $ 1,100
MUNICIPALITY OF Hendricks, 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 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 4,365,380 25.00 $ 10,913
Personal Property 8,850 22
Total Class II $ 4,374,230 $ 10,935
CLASS IV
Real Estate $ 2,607,970 50.00 $ 13,040
Personal Property 3,172,263 15,861
Public Utility 351,115 1,756
Total Class IV $ 6,131,348 $ 30,657
Total Value & Projected Revenue $ 10,505,578 $ 41,592
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,080
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 790
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 38,722
Less Assessor Valuation Fund 1.50% 581
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 38,141
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 12th day of March, 2024.