FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF BRAMWELL, 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 $ 10,000
Property Taxes – Current Expense 29,964
Gas & Oil Severance Tax 2,821
Excise Tax on Utilities 13,327
Business and Occupation Tax 25,501
Hotel Occupancy Tax 6,714
Licenses 390
Miscellaneous Permits 325
IRP Fees (Interstate Registration Plan) 28,640
Municipal Service Fees 25,000
Rents, Royalties, and Concessions 150
Gaming Income 10,589
Video Lottery (LVL) 2,113
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 155,534
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 709
Coal Severance Tax 1,190
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 1,899
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
City Clerk’s Office 5,000 –
Police Judge’s Office 1,000 –
City Attorney 17,000 –
Regional Development Authority 300 –
Elections 3,000
City Hall 30,000 –
Internal Audit 3,100
Police Department 70,617
Street Lights 15,200
Water & Sewer 960
Parks & Recreation 6,000 –
Visitors Bureau 3,357 –
Cemetaries – 1,899
TOTAL ESTIMATED EXPENDITURES $ 155,534 $ 1,899
MUNICIPALITY OF BRAMWELL, 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 11.53 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 5,126,140 23.06 $ 11,821
Personal Property 0 0
Total Class II $ 5,126,140 $ 11,821
CLASS IV
Real Estate $ 1,834,210 46.12 $ 8,459
Personal Property 668,726 3,084
Public Utility 2,137,908 9,860
Total Class IV $ 4,640,844 $ 21,403
Total Value & Projected Revenue $ 9,766,984 $ 33,224
Less Delinquencies, Exonerations & Uncollectable Taxes 7.50% 2,492
Less Tax Discounts (use Total Projected Revenue to calculate) 0.00% 0
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 30,732
Less Assessor Valuation Fund
(Subtracted from regular current expense taxes levied only) 2.50% 768
Net Amount to be Raised by Levy of Property Taxes $ 29,964
STATE OF WEST VIRGINIA
COUNTY OF Mercer
MUNICIPALITY OF BLUEFIELD
I, Jessica Rush, 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.
Jessica Rush (Signature)
Town Recorder
(Official Title of Recording Officer)
ID: 786645