FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF RAINELLE, WEST VIRGINIA
In accordance with Code § 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 $ 148,990
Assigned Fund Balance 118,777
Unassigned Fund Balance 112,513
Property Taxes – Current Expense 133,976
Gas & Oil Severance Tax 4,500
Excise Tax on Utilities 20,000
Business and Occupation Tax 165,000
Wine & Liquor Tax 20,000
Animal Control Tax 400
Fines, Fees & Court Costs 50,000
Licenses 10,000
Building Permit Fees 3,000
Miscellaneous Permits 200
Franchise Fees 14,000
IRP Fees (Interstate Registration Plan) 18,000
Parks & Recreation 20,000
Municipal Service Fees 38,000
Rents, Royalties, and Concessions 18,000
Refuse Collection 180,000
State Government Grants 10,000
Other Grants 40,000
Payroll Reimbursements 22,600
Gaming Income 21,000
Interest Earned on Investments 1,000
Reimbursements 1,000
Refunds 1,000
Filing Fees 500
Recycling Program 1,000
Video Lottery (LVL) 4,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 1,177,456
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 30,000
Coal Severance Tax 5,480
Interest Earned on Investment 50
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 35,530
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
Federal Grants 35,000 –
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 155,000 –
Regional Development Authority 542 –
Elections 8,000 –
City Hall 130,542 –
Police Department 198,700 –
Flood Control/ Soil Conservation 75,000 –
Fire Hydrants 5,572 –
Streets and Highways 79,700 35,530
Street Lights 15,000 –
Snow Removal 1,000 –
Central Garbage 10,000 –
Street Construction 75,000 –
Sidwalks 1,000 –
Garbage Department 174,000 –
Landfill/Incinerator Department 53,000 –
Recycling Center 200 –
Parks & Recreation 7,600 –
Fair Associations/Festivals 1,000
Swimming Pools 60,500 –
Library 7,000 –
Cemeteries 1,700 –
TOTAL ESTIMATED EXPENDITURES $ 1,177,456 $ 35,530
MUNICIPALITY OF RAINELLE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
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 $ 8,720,420 25.00 $ 21,801
Personal Property 12,852 32
Total Class II $ 8,733,272 $ 21,833
CLASS IV
Real Estate $ 11,884,680 50.00 $ 59,423
Personal Property 7,947,098 39,735
Public Utility 5,170,101 25,851
Total Class IV $ 25,001,879 $ 125,009
Total Value & Projected Revenue $ 33,735,151 $ 146,842
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 7,342
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,790
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 136,710
Less Assessor Valuation Fund 2.00% 2,734
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 133,976
STATE OF WEST VIRGINIA
COUNTY OF GREENBRIER
MUNICIPALITY OF RAINELLE
I, Bill Bell, 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 26th day of March, 2024.
Bill Bell
(Signature)
Recorder
(Official Title of Recording Officer)
ID: 786305