FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MOUNT HOPE, 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 $ –
Assigned Fund Balance 3,253
Unassigned Fund Balance 5,000
Property Taxes – Current Expense 96,979
Prior Year Taxes 11,500
Supplemental Taxes 10,000
Tax Loss Restoration 2,500
Property Taxes – Excess Levy 47,490
Tax Penalties, Interest & Publication Fees 3,000
Gas & Oil Severance Tax 2,100
Excise Tax on Utilities 39,000
Business and Occupation Tax 90,000
Wine & Liquor Tax 200
Animal Control Tax 100
Fines, Fees & Court Costs 364,276
Parking Violations 400
Licenses 5,500
Building Permit Fees 500
Miscellaneous Permits 200
Franchise Fees 9,000
IRP Fees (Interstate Registration Plan) 25,000
Rents, Royalties, and Concessions 10,000
Jail Fees 250
Police Protection Fees 3,800
Charges for Services 500
Payment in Lieu of Taxes 11,500
Payroll Reimbursements 2,500
Gaming Income 11,600
Interest Earned on Investments 150
Refunds 5,000
Accident Reports 300
Video Lottery (LVL) 4,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 765,598
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 7,400
Coal Severance Tax 3,200
Interest Earned on Investment 50
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 10,650
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Economic Development $ – $ –
Mayor’s Office 400 –
City Council 4,506 –
Recorder’s Office 790 –
City Manager’s Office 7,697 –
Treasurer’s Office 21,162 –
Police Judge’s Office 8,365 –
City Attorney 5,000 –
Rehabilitation of Property 30,000 –
Regional Development Authority 510 –
City Hall 50,000 10,650
Other buildings 8,000 –
Contingencies 30,000 –
Police Department 366,808 –
City Jail 400 –
Streets and Highways 160,500 –
Street Lights 26,500 –
Snow Removal 12,400 –
Public Transit 4,560 –
Storm Sewer 3,000 –
Fair Associations/Festivals 500 –
Community Center 13,500 –
Library 1,500 –
Stadium 9,500 –
TOTAL ESTIMATED EXPENDITURES $ 765,598 $ 10,650
MUNICIPALITY OF MOUNT HOPE, 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 11.94 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 12,739,930 23.88 $ 30,423
Personal Property 56,280 134
Total Class II $ 12,796,210 $ 30,557
CLASS IV
Real Estate $ 7,119,420 47.76 $ 34,000
Personal Property 3,742,642 17,875
Public Utility 4,995,561 23,859
Total Class IV $ 15,857,623 $ 75,736
Total Value & Projected Revenue $ 28,653,833 $ 106,293
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 5,315
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,020
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 98,959
Less Assessor Valuation Fund 2.00% 1,979
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 96,980
MUNICIPALITY OF MOUNT HOPE, WEST VIRGINIA
Street & Recreation
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 5.73 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 12,739,930 11.46 $ 14,600
Personal Property 56,280 64
Total Class II $ 12,796,210 $ 14,664
CLASS IV
Real Estate $ 7,119,420 22.92 $ 16,318
Personal Property 3,742,642 8,578
Public Utility 4,995,561 11,480
Total Class IV $ 15,857,623 $ 36,643
Total Value & Projected Revenue $ 28,653,833 $ 51,010
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,551
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 969
Net Amount to be Raised by Levy for Budget Purposes $ 47,490
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE
MUNICIPALITY OF MOUNT HOPE
I, Daniel C Logan, 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, 2022.
DANIEL C LOGAN
RECORDER