FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF PINEVILLE, 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
Unassigned Fund Balance 30,000
Property Taxes – Current Expense 100,970
Property Taxes – Excess Levy 51,516
Gas & Oil Severance Tax 5,125
Excise Tax on Utilities 72,000
Business and Occupation Tax 168,000
Wine & Liquor Tax 9,200
Hotel Occupancy Tax 9,651
Fines, Fees & Court Costs 16,000
Parking Violations 138
Licenses 4,200
Building Permit Fees 350
IRP Fees (Interstate Registration Plan) 25,000
Rents, Royalities, and Concessions 6,000
Gaming Income 40,000
Accident Reports 650
Video Lottery (LVL) 1,200
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 540,000
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 3,130
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 3,630
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 5,200 –
City Council 7,150 –
Recorder’s Office 4,100 –
City Manager’s Office 29,500 –
Police Judge’s Office 6,000
City Attorney 24,500 –
Regional Development Authority 1,500 –
City Hall 72,500 –
Police Department 240,000 –
Fire Department 12,500 –
Streets and Highways 40,000 3,630
Street Lights 21,500 –
Parks & Recreation 8,550 –
Visitors Bureau 5,000 –
Fair Associations/Festivals 12,000 –
Swimming Pools 50,000
TOTAL ESTIMATED EXPENDITURES $ 540,000 $ 3,630
MUNICIPALITY OF PINEVILLE, 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 $ 4,241,400 25.00 $ 10,604
Personal Property 51,474 129
Total Class II $ 4,292,874 $ 10,733
CLASS IV
Real Estate $ 7,026,630 50.00 $ 35,133
Personal Property 7,913,414 39,567
Public Utility 5,046,846 25,234
Total Class IV $ 19,986,890 $ 99,934
Total Value & Projected Revenue $ 24,279,764 $ 110,667
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 5,533
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,103
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 103,031
Less Assessor Valuation Fund 2.00% 2,061
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 100,970
MUNICIPALITY OF PINEVILLE, WEST VIRGINIA
Excess Levy/ Levies
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 6.25 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 4,241,400 12.50 $ 5,302
Personal Property 51,474 64
Total Class II $ 4,292,874 $ 5,366
CLASS IV
Real Estate $ 7,026,630 25.00 $ 17,567
Personal Property 7,913,414 19,784
Public Utility 5,046,846 12,617
Total Class IV $ 19,986,890 $ 49,968
Total Value & Projected Revenue $ 24,279,764 $ 55,334
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,767
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,051
Net Amount to be Raised by Levy for Budget Purposes $ 51,516
MUNICIPALITY OF PINEVILLE, WEST VIRGINIA
Excess or Bond 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 0.00 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 4,241,400 0.00 $ 0
Personal Property 51,474 0
Total Class II $ 4,292,874 $ 0
CLASS IV
Real Estate $ 7,026,630 0.00 $ 0
Personal Property 7,913,414 0
Public Utility 5,046,846 0
Total Class IV $ 19,986,890 $ 0
Total Value & Projected Revenue $ 24,279,764 $ 0
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 0
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 0
Net Amount to be Raised by Levy for Budget Purposes $ 0
STATE OF WEST VIRGINIA
COUNTY OF Wyoming
MUNICIPALITY OF PINEVILLE
I, Victoria Knight Clay , 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 18th day of March, 2024.
Victoria Knight Clay
(Signature)
Recorder
(Official Title of Recording Officer)