FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF BECKLEY, 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 3,061,898
Property Taxes – Current Expense 2,806,273
Prior Year Taxes 169,500
Supplemental Taxes 290,000
Tax Penalties, Interest & Publication Fees 48,000
Gas & Oil Severance Tax 29,500
Excise Tax on Utilities 700,000
Business and Occupation Tax 10,000,000
Wine & Liquor Tax 215,500
Hotel Occupancy Tax 890,000
Sales Tax 4,900,000
Fines, Fees & Court Costs 200,000
Building Permit Fees 60,000
Miscellaneous Permits 30
Franchise Fees 260,000
IRP Fees (Interstate Registration Plan) 140,000
Private Liquor Club Fee 7,500
Rents, Royalities, and Concessions 2,250
Federal Government Grants 995,325
State Government Grants 16,000
Contributions from Other Entities 750
Contributions from other Funds 650,000
Gaming Income 13,000
Interest Earned on Investments 12,600
Reimbursements (Explain type of funds & amounts being transferred,
“Expenditures” tab Cell Reference A662 : D666) 270,000
Refunds 9,000
Sale of Fixed Assets 26,000
Insurance Claims 28,000
Accident Reports 21,000
Recycling Program 500
Video Lottery (LVL) 60,000
Miscellaneous Revenues 14,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 25,897,126
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 5,000
Coal Severance Tax 50,000
Interest Earned on Investment 250
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 55,250
General Coal Severance Fund Fund ESTIMATED CURRENT EXPENDITURES Economic Development $ 24,000 $ –
Federal Grants 995,325 –
Mayor’s Office 173,850 –
City Council 63,600 –
Recorder’s Office 2,762,173 –
Police Judge’s Office 58,500 –
City Attorney 111,000 –
Community Development (Housing) 2,500 –
Contributions to Comms/Authorities 445,000 –
Regional Development Authority 18,000 –
Building Inspection 487,650 –
Data Processing 1,034,378 –
City Hall 180,900 –
Parking 122,000 –
Contingencies 400,000 –
Police Department 6,370,900 –
Fire Department 5,433,000 –
Streets and Highways 3,640,550 –
Street Lights 200,000 –
Signs and Signals 54,500 –
Snow Removal 180,000 –
Street Construction 475,000 –
Street Cleaning 33,000 –
Recycling Center 108,600 –
Parks & Recreation 450,000 55,250
Visitors Bureau 450,000 –
Human Rights / Affirmative Action 2,700 –
Capital Projects – General Government 455,000 –
Capital Projects – Public Safety 900,000 –
Capital Projects – Street and Transportation 250,000 –
Capital Projects – Health and Sanitation 10,000 –
Capital Projects – Culture and Recreation 5,000 –
TOTAL ESTIMATED EXPENDITURES $ 25,897,126 $ 55,250
MUNICIPALITY OF BECKLEY, 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 $ 269,212,800 25.00 $ 673,032
Personal Property 62,082 155
Total Class II $ 269,274,882 $ 673,187
CLASS IV Real Estate $ 320,714,660 50.00 $ 1,603,573
Personal Property 134,687,033 673,435
Public Utility 38,344,650 191,723
Total Class IV $ 493,746,343 $ 2,468,731
Total Value & Projected Revenue $ 763,021,225 $ 3,141,918
Less Delinquencies, Exonerations & Uncollectable Taxes 7.00% 219,934
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 58,440
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 2,863,544
Less Assessor Valuation Fund 1.95% 57,271
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 2,806,273
STATE OF WEST VIRGINIA
COUNTY OF Raleigh
MUNICIPALITY OF BECKLEY
I, Billie Trump, 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 20th day of April, 2021.
Billie Trump
(Signature)
Recorder / Treasurer
(Official Title of Recording Officer)