FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF OAK HILL, 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
Nonspendable Fund Balance $ –
Restricted Fund Balance 50,000
Committed Fund Balance –
Assigned Fund Balance –
Unassigned Fund Balance 552,758
Property Taxes – Current Expense 807,434
Prior Year Taxes 44,800
Supplemental Taxes 96,000
Tax Loss Restoration 6,000
Tax Penalties, Interest & Publication Fees 13,200
Gas & Oil Severance Tax 75,000
Excise Tax on Utilities 345,000
Business and Occupation Tax 1,960,000
Wine & Liquor Tax 88,000
Hotel Occupancy Tax 139,000
Fines, Fees & Court Costs 194,000
Parking Violations 120
Regional Jail Operations Partial Reimbursement 500
Licenses 42,500
Building Permit Fees 3,600
Miscellaneous Permits 600
Franchise Fees 80,000
Inspection, Dilapidated Building, & Vacant Property Fees 6,000
IRP Fees (Interstate Registration Plan) 142,000
Private Liquor Club Fee 7,200
Municipal Service Fees 3,600
Rents, Royalties, and Concessions 31,200
Federal Government Grants 60,000
Contributions from other Funds 1,200,000
Gaming Income 10,800
Interest Earned on Investments 600
Reimbursements 68,000
Refunds 18,000
Accident Reports 2,400
Video Lottery (LVL) 21,600
Miscellaneous Revenues (provide details on ‘Explanations’ tab) 9,700
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 6,079,612
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 1,500
Coal Severance Tax 35,000
Interest Earned on Investment –
Reimbursements –
Refunds –
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 36,500
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Civil Service 2,300 –
Mayor’s Office 8,175 –
City Council 63,108 –
City Manager’s Office 557,154 –
Treasurer’s Office 97,626 –
City Clerk’s Office 82,308 –
Police Judge’s Office 86,268 –
Custodial 71,354 –
Regional Development Authority 3,000 –
Planning & Zoning 84,805 –
City Hall 242,265 –
Other buildings 8,280 –
Police Department 2,213,370 –
Fire Department 206,972 –
Fire Hydrants 10,500 –
Streets and Highways 972,977 36,500
Street Lights 96,000 –
Signs and Signals 1,800 –
Central Garage 9,000 –
Parks & Recreation 509,060 –
Visitors Bureau 69,500 –
Fair Associations/Festivals 11,000 –
Community Center 5,000 –
Youth Program 2,500 –
Library 750 –
Beautification Programs 24,000 –
Capital Projects – General Government 300,000 –
Capital Projects – Public Safety 249,820 –
Capital Projects – Street and Transportation 90,720 –
TOTAL ESTIMATED EXPENDITURES $ 6,079,612 $ 36,500
MUNICIPALITY OF OAK HILL 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 $ 135,768,170 25.00 $ 339,420
Personal Property 408,234 1,021
Total Class II $ 136,176,404 $ 340,441
CLASS IV
Real Estate $ 58,026,160 50.00 $ 290,131
Personal Property 35,586,777 177,934
Public Utility 20,570,642 102,853
Total Class IV $ 114,183,579 $ 570,918
Total Value & Projected Revenue $ 250,359,983 $ 911,359
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 45,568
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 17,316
Less Allowance for Tax Increment Financing (if Applicable) 24,563
Total Projected Property Tax Collection $ 823,912
Less Assessor Valuation Fund 2.00% 16,478
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 807,434
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE
MUNICIPALITY OF OAK HILL
I, Sharon Coffman, 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 29th day of March, 2024.
Sharon Coffman
(Signature)
Acting City Clerk
(Official Title of Recording Officer)