FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF BECKLEY, WEST VIRGINIA
GENERAL FUN AND COAL SEVERANCE FUND
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 – GENERAL FUND
Unassigned Fund Balance $3,500,000
Property Taxes – Current Expense 2,989,356
Prior Year Taxes 100,500
Supplemental Taxes 130,000
Gas & Oil Severance Tax 63,000
Excise Tax on Utilities 1,100,000
Business and Occupation Tax 12,670,000
Wine & Liquor Tax 175,350
Hotel Occupancy Tax 1,000,000
Sales Tax 7,100,000
Fines, Fees & Court Costs 275,000
Licenses 55,500
Building Permit Fees 70,000
Franchise Fees 110,000
IRP Fees (Interstate Registration Plan) 105,000
Federal Government Grants 1,105,000
Contributions from Other Entities 445,000
Contributions from other Funds 75,400
Gaming Income 10,000
Interest Earned on Investments 87,000
Reimbursements 375,000
Refunds 7,500
Sale of Fixed Assets 15,000
Insurance Claims 5,000
Accident Reports 16,000
Video Lottery (LVL) 80,000
Miscellaneous Revenues 60,000
TOTAL ESTIMATED REVENUE -GENERAL FUND $31,724,606
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $35,000
Coal Severance Tax 40,000
Interest Earned on Investment 400
Reimbursements –
Refunds –
TOTAL ESTIMATED REVENUE – COAL SEVERANCE FUND $75,400
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Economic Development 17,572 –
Federal Grants 1,105,000 –
Mayor’s Office 14,718 –
City Council 111,740 –
Recorder’s Office 1,655,547 –
City Manager’s Office 313,215 –
Police Judge’s Office 230,053 –
City Attorney 204,130 –
Community Development (Housing) 66,600 –
Contributions to Comms/Authorities 500,000 –
Regional Development Authority 19,500 –
Building Inspection 402,940 –
Data Processing 1,082,628 –
City Hall 268,475 –
Parking 80,000 –
Police Department 8,066,519 –
Fire Department 7,340,678 –
Dog Warden/Humane Society 143,000 –
Streets and Highways 3,669,951 75,400
Street Lights 255,000 –
Signs and Signals 77,000 –
Snow Removal 213,500 –
Street Construction 700,400 –
Street Cleaning 41,500 –
Recycling Center 147,690 –
Parks & Recreation 2,400,000 –
Visitors Bureau 500,000 –
Social Services 15,000 –
Human Rights / Affirmative Action 1,250 –
Capital Projects – General Government 10,000 –
Capital Projects – Public Safety 1,661,000 –
Capital Projects – Street and Transportation 410,000 –
TOTAL ESTIMATED EXPENDITURES $31,724,606 $75,400
MUNICIPALITY OF BECKLEY, WEST VIRGINIA
FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
Regular Current Expense Levy
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 $ 303,615,080 25.00 $ 759,038
Personal Property 96,036 240
Total Class II $ 303,711,116 $ 759,278
CLASS IV
Real Estate $ 320,470,900 50.00 $ 1,602,355
Personal Property 156,551,236 782,756
Public Utility 40,501,863 202,509
Total Class IV $ 517,523,999 $ 2,587,620
Total Value & Projected Revenue $ 821,235,115 $ 3,346,898
Less Delinquencies, Exonerations & Uncollectable Taxes 7.00% 234,283
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 62,252
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 3,050,363
Less Assessor Valuation Fund 2.00% 61,007
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 2,989,355
STATE OF WEST VIRGINIA
COUNTY OF Raleigh
MUNICIPALITY OF BECKLEY
I, Jessica Chandler, 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 25th day of March, 2025.
Jessica Chandler
(Signature)
Intrim Recorder/Treasurer
(Official Title of Recording Officer)
MUNICIPALITY OF BECKLEY, WEST VIRGINIA
PARKING FUND BUDGET
FISCAL YEAR JULY 1, 2025-JUNE 30, 2026
REVENUE SOURCE
Parking Violations $16,000
Parking Meter Revenues 70,000
Monthly Rental Revenues 131,350
Contributions – Other Funds 80,000
Interest 50
Greyhound Royalties 500
TOTAL ESTIMATED REVENUE 297,900
ESTIMATED CURRENT EXPENDITURES
Personnel Services 68,160
Contractual Services 25,000
Administrative and general 13,000
Rents
Insurance 91,480
Materials and supplies 15,000
Utilities 84,700
Depreciation 5,400
Maintenance
Capital outlay
Bad debt 1,000
TOTAL ESTIMATED EXPENDITURES 303,740
TOTAL ESTIMATED SURPLUS (DEFICIT) $(5,840)
MUNICIPALITY OF BECKLEY, WEST VIRGINIA
PARKS FUND BUDGET
FISCAL YEAR JULY 1, 2025-JUNE 30, 2026
REVENUE SOURCE
Exhibition Coal Mine sales and services to customers $885,000
New River Park sales and services to customers 98,000
Youth Museum sales and services to customers 92,000
Beckley Events sales and services to customers 25,000
Black Knight sales and services to customers 651,500
Theatre sales and services to customers 18,500
Summer leagues sales and services to customers 1,500
Contributions – Other Entities 15,000
Contributions – Other Funds 1,900,000
Contribution – Hotel Occupancy Tax 500,000
State Government Grant 12,000
Interest 800
TOTAL ESTIMATED REVENUE 4,199,300
ESTIMATED CURRENT EXPENDITURES
Personnel Services 2,254,255
Contractual Services 470,000
Administrative and general 74,148
Rents 31,000
Insurance 165,869
Materials and supplies 657,423
Utilities 256,544
Depreciation 334,000
Maintenance 63,750
Capital outlay 196,000
TOTAL ESTIMATED EXPENDITURES 4,502,989
TOTAL ESTIMATED SURPLUS (DEFICIT) $(303,689)
MUNICIPALITY OF BECKLEY, WEST VIRGINIA
ECONOMIC DEVELOPMENT FUND BUDGET
FISCAL YEAR JULY 1, 2025-JUNE 30, 2026
REVENUE SOURCE
Leasing Revenue $4,080
Contributions – Other Funds 75,000
Interest 100
TOTAL ESTIMATED REVENUE 79,180
ESTIMATED CURRENT EXPENDITURES
Personnel Services –
Contractual Services 6,000
Administrative and general –
Rents –
Insurance –
Materials and supplies 600
Utilities 58,000
Depreciation –
Maintenance 11,000
Capital outlay –
Bad debt –
TOTAL ESTIMATED EXPENDITURES 75,600
TOTAL ESTIMATED SURPLUS (DEFICIT) $3,580
MUNICIPALITY OF BECKLEY, WEST VIRGINIA
BUILDING COMMISSION FUND BUDGET
FISCAL YEAR JULY 1, 2025-JUNE 30, 2026
REVENUE SOURCE
Leasing Revenue $847,037
Contributions – Other Funds –
Interest 12,000
TOTAL ESTIMATED REVENUE 859,037
ESTIMATED CURRENT EXPENDITURES
Personnel Services –
Contractual Services
Administrative and general 2,500
Rents –
Insurance –
Interest 320,000
Materials and supplies
Utilities
Depreciation 1,130,000
Maintenance
Capital outlay –
Amortization (8,686)
TOTAL ESTIMATED EXPENDITURES 1,443,814
TOTAL ESTIMATED SURPLUS (DEFICIT) $(584,777)