FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF OAK HILL, WEST VIRGINIA
In accordance with Code ยง 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
Restricted Fund Balance 50,000
Assigned Fund Balance 1,203,582
Property Taxes – Current Expense 827,727
Prior Year Taxes 46,300
Supplemental Taxes 75,000
Tax Loss Restoration 10,000
Tax Penalties, Interest & Publication Fees 13,200
Gas & Oil Severance Tax 47,000
Excise Tax on Utilities 325,000
Business and Occupation Tax 2,000,000
Wine & Liquor Tax 80,000
Hotel Occupancy Tax 140,000
Fines, Fees & Court Costs 194,000
Parking Violations 600
Regional Jail Operations Partial Reimbursement 500
Licenses 36,500
Building Permit Fees 1,800
Miscellaneous Permits 600
Franchise Fees 100,000
Inspection, Dilapidated Building, & Vacant Property Fees 28,000
IRP Fees (Interstate Registration Plan) 142,000
Private Liquor Club Fee 6,000
Municipal Service Fees 3,600
Rents, Royalties, and Concessions 31,200
Federal Government Grants 60,000
State Government Grants 10,000
Contributions from other Funds 252,000
Gaming Income 10,800
Interest Earned on Investments 600
Reimbursements 60,000
Refunds 18,000
Accident Reports 1,200
Video Lottery (LVL) 21,600
Miscellaneous Revenues 14,400
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 5,811,209
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 1,000
Coal Severance Tax 36,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 37,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Civil Service 2,300 –
Mayor’s Office 8,175 –
City Council 57,580 –
City Manager’s Office 568,660 –
Treasurer’s Office 89,610 –
City Clerk’s Office 146,400 –
Police Judge’s Office 85,680 –
Custodial 63,728 –
Regional Development Authority 3,000 –
Planning & Zoning 53,520 –
City Hall 328,465 –
Other buildings 2,000 –
Police Department 2,023,864 –
Fire Department 203,372 –
Fire Hydrants 10,500 –
Streets and Highways 1,130,535 37,000
Street Lights 96,000 –
Signs and Signals 1,800 –
Central Garage 9,000 –
Parks & Recreation 171,880 –
Visitors Bureau 70,000 –
Fair Associations/Festivals 27,000 –
Library 1,500 –
Beautification Programs 24,000 –
Aging Program (Senior Citizens) 5,000 –
Capital Projects – General Government 201,500 –
Capital Projects – Public Safety 335,420 –
Capital Projects – Street and Transportation 90,720 –
TOTAL ESTIMATED EXPENDITURES $5,811,209 $ 37,000
MUNICIPALITY OF OAKHILL WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
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 $ 124,722,710 25.00 $ 311,807
Personal Property 381,192 953
Total Class II $ 125,103,902 $ 312,760
CLASS IV
Real Estate $ 64,105,450 50.00 $ 320,527
Personal Property 38,774,533 193,873
Public Utility 21,287,944 106,440
Total Class IV $ 124,167,927 $ 620,840
Total Value & Projected Revenue $ 249,271,829 $ 933,599
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 46,680
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 17,738
Less Allowance for Tax Increment Financing (if Applicable) 24,563
Total Projected Property Tax Collection $ 844,618
Less Assessor Valuation Fund 2.00% 16,892
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 827,726