FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF PAX, 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 55
Committed Fund Balance 29,730
Assigned Fund Balance 12,950
Unassigned Fund Balance 28,500
Property Taxes – Current Expense 10,703
Supplemental Taxes 1,000
Tax Loss Restoration 50
Tax Penalties, Interest & Publication Fees 250
Gas & Oil Severance Tax 800
Excise Tax on Utilities 9,000
Franchise Fees 4,000
IRP Fees (Interstate Registration Plan) 35,000
Rents, Royalties, and Concessions 500
Gaming Income 13,000
Video Lottery (LVL) 500
Miscellaneous Revenues 14,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 160,038
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 7,201
Coal Severance Tax 660
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 7,861
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
Mayor’s Office 2,600 –
Recorder’s Office 2,000 –
City Clerk’s Office 15,700 –
City Attorney 6,000 –
City Auditor 20,000 6,000
Engineering 100 –
Custodial 1,500 –
Regional Development Authority 500 –
City Hall 15,000 –
Other buildings 12,000 –
Public Grounds 7,000 –
Dog Warden/Humane Society 200 –
Watershed Project 5,000 –
Flood Control/ Soil Conservation 7,000 –
Streets and Highways 3,000 –
Street Lights 3,500 –
Garbage Department 700 –
Landfill/Incinerator Department 2,000 –
Parks & Recreation 5,000 –
Fair Associations/ Festivals 4,000 1,861
Civic Promotions 1,000 –
Beautification Programs 10,000 –
Capital Projects – General Government 36,238 –
TOTAL ESTIMATED EXPENDITURES $ 160,038 $ 7,861
MUNICIPALITY OF PAX, 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 $ 1,019,490 25.00 $ 2,549
Personal Property 37,500 94
Total Class II $ 1,056,990 $ 2,643
CLASS IV
Real Estate $ 552,240 50.00 $ 2,761
Personal Property 292,478 1,462
Public Utility 972,913 4,865
Total Class IV $ 1,817,631 $ 9,088
Total Value & Projected Revenue $ 2,874,621 $ 11,731
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 587
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 223
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 10,921
Less Assessor Valuation Fund 2.00% 218
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 10,703
STATE OF WEST VIRGINIA
COUNTY OF Fayette
MUNICIPALITY OF PAX
I, Patricia Wolfe, 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, 2023.
Patricia Wolfe
Town Clerk