FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF NORTHFORK, 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
Unassigned Fund Balance 23,387
Property Truces – Current Expense 22,674
Gas & Oil Severance True 1,343
Business and Occupation True 40,600
Hotel Occupancy True 6,250
Fines, Fees & Court Costs 12,567
Licenses 900
IRP Fees (Interstate Registration Plan) 42,000
Refuse Collection 32,863
Gaming Income 11,290
Video Lottery (LVL) 500
Miscellaneous Revenues 500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 194,874
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 4,830
Coal Severance Tax 876
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 5,706
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 3 ,600 –
City Council 9,000 –
Recorder’s Office 3 ,600 –
City Clerk’s Office 36,000 –
Police Judge’s Office 200 –
City Attorney 250 –
Regional Development Authority 1,000 –
City Hall 26,500 1,056
Other buildings 724 600
Internal Audit 19,600 –
Public Grounds 6,000 850
Contingencies 3,500 500
Police Department 23,000 –
Street Lights 3,200 –
Signs and Signals 500 –
Garbage Department 37,000 –
Landfill/ Incinerator Department 5,000 –
Parks & Recreation 2,000 2,700
Visitors Bureau 3,200 –
Playgrounds 5,000 –
Beautification Programs 6,000 –
TOTAL ESTIMATED EXPENDITURES $ 194,874 $ 5,706
MUNICIPALITY OF NORTHFORK, 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 11.71 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 272,540 23.42 $ 638
Personal Property 0 0
Total Class II $ 272,540 $ 638
CLASS IV
Real Estate $ 1,657,180 46.84 $ 7,762
Personal Property 756,127 3,542
Public Utility 2,702,639 12,659
Total Class IV $ 5,115,946 $ 23,963
Total Value & Projected Revenue $ 5,388,486 $ 24,601
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 1,230
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00% 234
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 23,137
Less Assessor Valuation Fund 2.00% 463
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 22,674
STATE OF WEST VIRGINIA
COUNTY OF MCDOWELL
MUNICIPALITY OF NORTHFORK
I, Judith A Portefield, 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 23 day of March, 2023.
Judith A. Porterfield
(Signature)
Recorder
(Official Title of Recording Officer)
ID: 698289