FISCAL YEAR 24-25
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY of the Town of Davy
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 $ 2,400.00
Property Tax – Current Expense $ 9,198.00
Gas & Oil Severance Tax $ 500.00
Excise Tax on Utilities $ 9,000.00
B & O tax $ 7,000.00
Franchise Fees $ 460.00
IRP fees $ 10,000.00
Landfill fees $ 15,000.00
Gaming Income $ 9,800.00
Video Lottery (LVL) $ 3,199.00
Total estimated revenue (General Fund) $ 66,557.00
Coal Severance Tax Fund
Revenue Source
Assigned Fund Balance $ 200.00
Coal Severance Tax 600.00
Total Estimated Revenue (Coal Severance Fund) $ 800.00
Estimated current Expenditures
General Fund Coal Severance Fund
Mayor’s Office $ 4,300.00
Recorder’s Office $ 4,000.00
Treasurer’s Office $ 1,400.00
City Hall $ 23,468.00
Police Department $ 4,900.00
Streets and Highways $ 16,039.00
Garbage Department $ 6,000.00 $ 750.00 Landfill fees $ 5,450.00 $ 50.00
Beautification Programs $ 1,000.00
Total Estimated expenditures $ 66,557.00 $ 800.00
STATE OF WEST VIRGINIA
COUNTY OF
MUNICIPALITY OF DAVY
I, Alice Walker, 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 28 day of March, 2024.
Alice Walker
(Signature)
Recorder
(Official Title of Recording Officer