FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF GARY, 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
Assigned Fund Balance 4,000
Property Taxes – Current Expense 50,865
Gas & Oil Severance Tax 2,700
Excise Tax on Utilities 25,000
Business and Occupation Tax 240,000
Wine & Liquor Tax 220
Hotel Occupancy Tax 3,000
Fines, Fees & Court Costs 5,000
IRP Fees (Interstate Registration Plan) 25,000
Collection of Delinquent Accounts 5 ,000
Rents, Royalties, and Concessions 6,000
Refuse Collection 100,000
Fire Protection Fees 9,000
Planning Commission Revenue 380,000
Gaming Income 12,000
Interest Earned on Investments 500
Accident Reports 100
Video Lottery (LVL) 1,200
Miscellaneous Revenues 8,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 877,585
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 4,000
Coal Severancy Tax 3,500
Interest Earned on Investment 500
Reimbursements –
Refunds –
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 8,000
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
Mayor’s Office 9,600 –
City Council 8,500 –
Recorder’s Office 10,200 –
Treasurer’s Office 32,000 –
City Clerk’s Office 20,000 –
Police Judge’s Office 2 ,500 –
City Attorney 6,000 –
City Auditor 6,000 –
Custodial 4,000 –
Regional Development Authority 1,200 –
City Hall 54,408 8,000
Electrical Services 125,000 –
Public Works Department 142,177 –
Police Department 40,000 –
Fire Fee Distribution 9,000 –
Snow Removal 5,000 –
Central Garage 25,000 –
Garbage Department 90,000 –
Landfill/ Incinerator Department 20,000 –
Water & Sewer 250,000 –
Parks & Recreation 2,000 –
Visitors Bureau . 1,500 –
Community Center 7,000 –
Youth Program 4,000 –
Playgrounds 1,000 –
Civic Promotions 500 –
Beautification Programs 1,000 –
TOTAL ESTIMATED EXPENDITURES $ 877,585 $ 8,000
MUNICIPALITY OF GARY, 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 11.89 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 1,506,000 23.78 $ 3,581
Personal Property 12,294 29
Total Class II $ 1,518,294 $ 3,610
CLASS IV
Real Estate $ 4,386,100 47.56 $ 20,860
Personal Property 3,904,238 18,569
Public Utility 2,672,655 12,711
Total Class IV $ 10,962,993 $ 52,140
Total Value & Projected Revenue $ 12,481,287 $ 55,750
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,788
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,059
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 51,903
Less Assessor Valuation Fund 2.00% 1,038
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 50,865
STATE OF WEST VIRGINIA
COUNTY OF
MUNICIPALITY OF GARY
I, Lawrence A. Barber, III, 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 7th day of March, 2023.
Lawrence A. Barber, III
(Signature)
Recorder
(Official Title of Recording Officer)
MUNICIPALITY OF GARY, WEST VIRGINIA
CERTIFICATE OF VALUATION
2023 – 2024
Column A Column B Column C Column D Column E
Assessed Value All Other Gross Assessed Homestead Assessed
Including Back Tax Exempt Value Exempt Value Valuation
And New Property For
Tax Purposes
Class I
Personal Property $ 0 $ 0 $ 0 $ 0
Public Utility 0 0 0 0
Total Class I $ 0 $ 0 $ 0 $ 0
Class II
Real Estate $ N/A $ N/A $ N/A $ N/A $ 1,506,000
Personal Property N/A N/A N/A N/A 12,294
Total Class II $ $ $ $ $ 1,518,294
Class IV
Real Estate $ N/A $ N/A $ N/A $ 4,386,100
Personal Property $ N/A $ N/A $ N/A $ 3,904,238
Public Utility N/A N/A N/A 2,672,655
Total Class lV $ $ $ $ 10,962,993
TOTAL FOR
LEVYING BODY $ $ $ $ 12,481,287
MUNICIPALITY OF GARY, WEST VIRGINIA
LEVY PAGE
REGULAR CURRENT EXPENSE LEVY
2023 – 2024
Column E
Certificate of Valuation Levy Taxes
Current Year Assessed Value for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 11.89 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 1,506,000 23.78 $ 3,581
Personal Property 12,294 29
Total Class II $ 1,518,294 $ 3,610
CLASS IV
Real Estate $ 4,386,100 47.56 $ 20,860
Personal Property 3,904,238 18,569
Public Utility 2,672,655 12,711
Total Class IV $ 10,962,993 $ 52,140
Total Value & Projected Revenue $ 12,481,287 $ 55,750
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,788
Less Tax Discounts (use Total Proj. Rev. Less Delinquencies to calculate) 2.00% 1,059
Less Allowance for Tax Increment Financing if Applicable – see worksheet
(Subtracted from regular current expense taxes levied only) 0
Total Projected Property Tax Collection 51,903
Less ASsessor Valuation Fund 2.00% 1,038
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes
For Budget Purposes (Amount carries to ##01-01 on GF REV tab) $ 50,865
ID: 701348