FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MULLENS, 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
Unassigned Fund Balance $ 10,000
Property Taxes – Current Expense 93,874
Property Taxes – Excess Levy 47,896
Gas & Oil Severance Tax 1,500
Excise Tax on Utilities 50,000
Business and Occupation Tax 135,605
Wine & Liquor Tax 3,000
Fines, Fees & Court Costs 20,000
Licenses 2,000
Building Permit Fees 2,000
Franchise Fees 9,000
IRP Fees (Interstate Registration Plan) 1,200
Rents, Royalties, and Concessions 10,000
Refuse Collection 220,000
State Government Grants 5,000
Gaming Income 10,000
Interest Earned on Investments 25
Accident Reports 1,500
Video Lottery (LVL) 1,000
Miscellaneous Revenues 15,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 638,600
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 5,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 5,500
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
State Grants $ 5,000 $ –
Mayor’s Office 15,000 –
City Council 7,500 –
City Manager’s Office 28,000 –
Police Judge’s Office 4,500 –
City Attorney 2,000 –
Custodial 6,000 –
Regional Development Authority 1,800 –
Elections 4,500 –
City Hall 22,000 –
Other buildings 4,000 –
Police Department 161,800 5,500
Fire Department 30,000 –
Streets and Highways 105,000 –
Street Lights 42,000 –
Garbage Department 187,000 –
Parks & Recreation 10,000 –
Library 2,500 –
TOTAL ESTIMATED EXPENDITURES $ 638,600 $ 5,500
MUNICIPALITY OF MULLENS, 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 $ 7,543,540 25.00 $ 18,859
Personal Property 30,846 77
Total Class II $ 7,574,386 $ 18,936
CLASS IV
Real Estate $ 7,438,440 50.00 $ 37,192
Personal Property 5,193,043 25,965
Public Utility 4,159,217 20,796
Total Class IV $ 16,790,700 $ 83,953
Total Value & Projected Revenue $ 24,365,086 $ 102,889
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 5,144
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,955
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 95,790
Less Assessor Valuation Fund 2.00% 1,916
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 93,874
MUNICIPALITY OF MULLENS, WEST VIRGINIA
Excess Levy/ Levies
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 6.25 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 7,543,540 12.50 $ 9,429
Personal Property 30,846 39
Total Class II $ 7,574,386 $ 9,468
CLASS IV
Real Estate $ 7,438,440 25.00 $ 18,596
Personal Property 5,193,043 12,983
Public Utility 4,159,217 10,398
Total Class IV $ 16,790,700 $ 41,977
Total Value & Projected Revenue $ 24,365,086 $ 51,445
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,572
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 977
Net Amount to be Raised by Levy for Budget Purposes $ 47,896
MUNICIPALITY OF MULLENS, WEST VIRGINIA
Excess or Bond 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 0.00 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 7,543,540 0.00 $ 0
Personal Property 30,846 0
Total Class II $ 7,574,386 $ 0
CLASS IV
Real Estate $ 7,438,440 0.00 $ 0
Personal Property 5,193,043 0
Public Utility 4,159,217 0
Total Class IV $ 16,790,700 $ 0
Total Value & Projected Revenue $ 24,365,086 $ 0
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 0
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 0
Net Amount to be Raised by Levy for Budget Purposes $ 0
STATE OF WEST VIRGINIA
COUNTY OF
MUNICIPALITY OF MULLENS
I, Allison Norris, 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 day of March, 2021.
Allison Norris Recorder