FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF RAINELLE, 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 124,500
Assigned Fund Balance 160,400
Unassigned Fund Balance 30,000
Property Taxes – Current Expense 128,905
Gas & Oil Severance Tax 4,500
Excise Tax on Utilities 20,000
Business and Occupation Tax 150,000
Wine & Liquor Tax 18,000
Animal Control Tax 400
Fines, Fees & Court Costs 75,000
Licenses 10,000
Building Permit Fees 3,000
Miscellaneous Permits 200
Franchise Fees 14,500
IRP Fees (Interstate Registration Plan) 13,000
Parks & Recreation 20,000
Municipal Service Fees 38,000
Rents, Royalties, and Concessions 18,000
Refuse Collection 180,000
Other Grants 40,000
Payroll Reimbursements 22,600
Gaming Income 21,000
Interest Earned on Investments 1,000
Reimbursements 1,000
Refunds 1,000
Recycling Program 1,000
Video Lottery (LVL) 3,500
Miscellaneous Revenues 500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 1,100,005
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 20,000
Coal Severance Tax 4,500
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 24,500
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
Federal Grants 25,000 –
State Grants 10,000 –
Mayor’s Office 5,625 –
City Council 11,000 –
Recorder’s Office 6,425 –
City Clerk’s Office 45,150 –
Police Judge’s Office 4,200 –
Other Grants 141,500 –
Regional Development Authority 542 –
Elections 7,500 –
City Hall 125,104 24,500
Police Department 183,500 –
Flood Control/ Soil Conservation 75,000 –
Fire Hydrants 5,572 –
Streets and Highways 74,000 –
Street Lights 15,000 –
Snow Removal 1,000 –
Central Garbage 7,500 –
Street Construction 75,000 –
Sidwalks 1,000 –
Garbage Department 177,300 –
Landfill/Incinerator Department 53,000 –
Recycling Center 200 –
Parks & Recreation 7,200 –
Swimming Pools 34,000 –
Library 7,000 –
Cemeteries 1,687 –
TOTAL ESTIMATED EXPENDITURES $ 1,100,005 $ 24,500
MUNICIPALITY OF RAINELLE, 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 $ 7,753,150 25.00 $ 19,383
Personal Property 12,288 31
Total Class II $ 7,765,438 $ 19,414
CLASS IV
Real Estate $ 11,935,420 50.00 $ 59,677
Personal Property 7,864,950 39,325
Public Utility 4,573,697 22,868
Total Class IV $ 24,374,067 $ 121,870
Total Value & Projected Revenue $ 32,139,505 $ 141,284
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 7,064
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,684
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 131,536
Less Assessor Valuation Fund 2.00% 2,631
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 128,905
STATE OF WEST VIRGINIA
COUNTY OF GREENBRIER
MUNICIPALITY OF RAINELLE
I, Robin Williams, 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 day of March, 2023.
Robin Williams
(Signature)
Mayor
(Official Title of Recording Officer)