FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF FAYETTEVILLE, 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
Assigned Fund Balance $ 2,528,954
Unassigned Fund Balance 220,587
Property Taxes – Current Expense 505,633
Prior Year Taxes 36,000
Supplemental Taxes 35,000
Property Taxes – Excess Levy 284,868
Tax Penalties, Interest & Publication Fees 6,000
Gas & Oil Severance Tax 25,000
Excise Tax on Utilities 230,000
Business and Occupation Tax 1,800,000
Wine & Liquor Tax 90,000
Hotel Occupancy Tax 200,000
Insurance Premium Surtax 60,000
Sales Tax 600,000
Fines, Fees & Court Costs 60,000
Parking Violations 3,154
Licenses 30,000
Building Permit Fees 10,100
Franchise Fees 6,500
Inspection, Dilapidated Building, & Vacant Property Fees 25,000
IRP Fees (Interstate Registration Plan) 85,000
Rents, Royalties, and Concessions 1,000
Gaming Income 11,000
Interest Earned on Investments 6,500
Refunds 9,100
Accident Reports 500
Video Lottery (LVL) 8,000
Miscellaneous Revenues 6,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 6,884,396
COAL SEVERANCE TAX FUND
REVENUE SOURCE 2024-2025
Reserve for Encumbrances $ 3,000
Coal Severance Tax 12,300
Interest Earned on Investment 5
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 15,305
General Coal Severance
ESTIMATED CURRECT EXPENDITURES Fund Fund
Mayor’s Office $ 30,340 –
City Council 28,000 –
Recorder’s Office 20,270 –
City Manager’s Office 110,913 –
Treasurer’s Office 94,645 –
Police Judge’s Office 36,000 –
City Attorney 30,000 –
Contributions to Comms/Authorities 85,944 –
Regional Development Authority 3,700 –
Building Inspection 25,000 –
Planning & Zoning 2,000 –
City Hall 496,125 –
Contributions / Transfers to Other Funds 22,040 –
Police Department 1,650,695 –
Regional Jail 1,000 –
Fire Department 604,247 –
Streets and Highways 643,959 –
Street Lights 45,200 15,305
Signs and Signals 222,906 –
Street Construction 284,868 –
Public Transit 6,000 –
Recycling Center 102,770 –
Storm Sewer 1,076,901 –
Parks & Recreation 790,403 –
Visitors Bureau 100,000 –
Fair Associations/Festivals 51,365 –
Library 1,200 –
Beautification Programs 22,479 –
Capital Projects – General Government 295,426 –
TOTAL ESTIMATED EXPENDITURES $ 6,884,396 $ 15,305
MUNICIPALITY OF FAYETTEVILLE, 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 11.32 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 71,983,060 22.64 $ 162,970
Personal Property 42,082 95
Total Class II $ 72,025,142 $ 163,065
CLASS IV
Real Estate $ 48,804,690 45.28 $ 220,988
Personal Property 23,852,322 108,003
Public Utility 13,722,517 62,136
Total Class IV $ 86,379,529 $ 391,127
Total Value & Projected Revenue $ 158,404,671 $ 554,192
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 27,710
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 10,530
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 515,952
Less Assessor Valuation Fund 2.00% 10,319
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 505,633
MUNICIPALITY OF FAYETTEVILLE, WEST VIRGINIA
Excess Levy / Street 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 6.25 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 71,983,060 12.50 $ 89,979
Personal Property 42,082 53
Total Class II $ 72,025,142 $ 90,032
CLASS IV
Real Estate $ 48,804,690 25.00 $ 122,012
Personal Property 23,852,322 59,631
Public Utility 13,722,517 34,306
Total Class IV $ 86,379,529 $ 215,949
Total Value & Projected Revenue $ 158,404,671 $ 305,981
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 15,299
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 5,814
Net Amount to be Raised by Levy for Budget Purposes $ 284,868
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE
MUNICIPALITY OF FAYETTEVILLE
I, Zenda Vance, 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 21st day of March, 2024.
Zenda Vance
City Recorder