FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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 95,173
Property Taxes – Excess Levy 48,558
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
Miscellaneous Permits 1,239
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) $ 641,800
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 30,000 –
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 5,000 –
Police Department 162,000 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 $ 641,800 $ 5,500
MUNICIPALITY OF MULLENS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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 $ 7,826,140 25.00 $ 19,565
Personal Property 30,660 77
Total Class II $ 7,856,800 $ 19,642
CLASS IV
Real Estate $ 7,394,220 50.00 $ 36,971
Personal Property 5,671,689 28,358
Public Utility 3,868,455 19,342
Total Class IV $ 16,934,364 $ 84,671
Total Value & Projected Revenue $ 24,791,164 $ 104,313
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 5,216
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,982
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 97,115
Less Assessor Valuation Fund 2.00% 1,942
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 95,173
MUNICIPALITY OF MULLENS, WEST VIRGINIA
Excess Levy/ Levies
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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 $ 7,826,140 12.50 $ 9,783
Personal Property 30,660 38
Total Class II $ 7,856,800 $ 9,821
CLASS IV
Real Estate $ 7,394,220 25.00 $ 18,486
Personal Property 5,671,689 14,179
Public Utility 3,868,455 9,671
Total Class IV $ 16,934,364 $ 42,336
Total Value & Projected Revenue $ 24,791,164 $ 52,157
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,608
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 991
Net Amount to be Raised by Levy for Budget Purposes $ 48,558
MUNICIPALITY OF MULLENS, WEST VIRGINIA
Excess or Bond Levy
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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 $ 7,826,140 0.00 $ 0
Personal Property 30,660 0
Total Class II $ 7,856,800 $ 0
CLASS IV
Real Estate $ 7,394,220 0.00 $ 0
Personal Property 5,671,689 0
Public Utility 3,868,455 0
Total Class IV $ 16,934,364 $ 0
Total Value & Projected Revenue $ 24,791,164 $ 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 WYOMING
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 28th day of March, 2021.
Allison Norris
City Clerk
ID: 593116