FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF PINEVILLE, 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
Nonspendable Fund Balance $ –
Restricted Fund Balance 13,000
Committed Fund Balance 12,000
Assigned Fund Balance (General Fund only) 30,000
Unassigned Fund Balance 10,000
Property Taxes – Current Expense 107,435
Property Taxes – Excess Levy 48,675
Gas & Oil Severance Tax 5,000
Excise Tax on Utilities 72,000
Business and Occupation Tax 172,000
Wine & Liquor Tax 12,000
Hotel Occupancy Tax 10,000
Fines, Fees & Court Costs 16,000
Parking Violations 100
Licenses 3,400
Building Permit Fees 500
IRP Fees (Interstate Registration Plan) 30,000
Rents, Royalities, and Concessions 6,000
Gaming Income 35,000
Interested Earned on Investments 500
Accident Reports 391
Video Lottery (LVL) 1,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 585,000
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance (Coal Fund Only) $ 1,500
Coal Severance Tax 4,500
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 6,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 5,200 –
City Council 7,300 –
Recorder’s Office 20,000 –
City Manager’s Office 40,000 –
Police Judge’s Office 6,000
City Attorney 24,500 –
Regional Development Authority 1,500 –
City Hall 75,000 –
Contingencies 17,000 –
Police Department 240,000 –
Fire Department 12,000 –
Streets and Highways 40,000 6,000
Street Lights 21,500 –
Parks & Recreation 9,000 –
Visitors Bureau 5,000 –
Fair Associations/Festivals 11,000 –
Swimming Pools 50,000
TOTAL ESTIMATED EXPENDITURES $ 585,000 $ 6,000
MUNICIPALITY OF PINEVILLE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
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 $ 4,396,640 25.00 $ 10,992
Personal Property 48,852 122
Total Class II $ 4,445,492 $ 11,114
CLASS IV
Real Estate $ 6,917,950 50.00 $ 34,590
Personal Property 9,279,003 46,395
Public Utility 5,130,747 25,654
Total Class IV $ 21,327,700 $ 106,639
Total Value & Projected Revenue $ 25,773,192 $ 117,752
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 5,888
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,237
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 109,627
Less Assessor Valuation Fund 2.00% 2,193
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 107,435
STATE OF WEST VIRGINIA
COUNTY OF WYOMING
MUNICIPALITY OF PINEVILLE
I, HEATHER JOHNSON, 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 17th day of March, 2025.
/s/Heather Johnson
TOWN RECORDER