FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MULLENS, 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 $ 1,000
Property Taxes – Current Expense 52,612
Property Taxes – Excess Levy 53,686
Gas & Oil Severance Tax 1,500
Excise Tax on Utilities 103,000
Business and Occupation Tax 245,000
Wine & Liquor Tax 3,780
Hotel Occupancy Tax 15,000
Fines, Fees & Court Costs 26,000
Licenses 12,000
Building Permit Fees 15,000
Franchise Fees 12,000
IRP Fees (Interstate Registration Plan) 15,000
Rents, Royalties, and Concessions 6,497
Gaming Income 1,200
Interest Earned on Investments 30
Accident Reports 200
Video Lottery (LVL) 12,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 575,505
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 6,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 6,500
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office $ 15,000 $ –
City Council 7,500 –
City Manager’s Office 45,000 –
Police Judge’s Office 5,000 –
City Attorney 10,000 –
City Auditor 6,000 –
Personnel Office 14,000 –
Printing 2,500 –
Custodial 3,000 –
Regional Development Authority 780 –
Building Inspection 2,400 –
Planning & Zoning 1,200 –
City Hall 33,000 –
Other buildings 12,000 –
Police Department 120,000 6,500
Fire Department 35,000 –
Streets and Highways 120,000 –
Street Lights 60,000 –
Signs and Signals 5,000 –
Snow Removal 10,000 –
Street Cleaning 12,000 –
Local Health Department 125 –
Parks & Recreation 12,000 –
Visitors Bureau 15,000 –
Fair Associations/Festivals 1,000 –
Swimming Pools 25,000 –
Library 3,000 –
TOTAL ESTIMATED EXPENDITURES $ 575,505 $ 6,500
MUNICIPALITY OF MULLENS, 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 6.25 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 8,376,690 12.50 $ 10,471
Personal Property 30,918 39
Total Class II $ 8,407,608 $ 10,510
CLASS IV
Real Estate $ 7,777,120 25.00 $ 19,443
Personal Property 6,722,757 16,807
Public Utility 4,362,076 10,905
Total Class IV $ 18,861,953 $ 47,155
Total Value & Projected Revenue $ 27,269,561 $ 57,665
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,883
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,096
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 53,686
Less Assessor Valuation Fund 2.00% 1,074
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 52,612
MUNICIPALITY OF MULLENS, 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 $ 8,376,690 12.50 $ 10,471
Personal Property 30,918 39
Total Class II $ 8,407,608 $ 10,510
CLASS IV
Real Estate $ 7,777,120 25.00 $ 19,443
Personal Property 6,722,757 16,807
Public Utility 4,362,076 10,905
Total Class IV $ 18,861,953 $ 47,155
Total Value & Projected Revenue $ 27,269,561 $ 57,665
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,883
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,096
Net Amount to be Raised by Levy for Budget Purposes $ 53,686
MUNICIPALITY OF MULLENS, 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 $ 8,376,690 0.00 $ 0
Personal Property 30,918 0
Total Class II $ 8,407,608 $ 0
CLASS IV
Real Estate $ 7,777,120 0.00 $ 0
Personal Property 6,722,757 0
Public Utility 4,362,076 0
Total Class IV $ 18,861,953 $ 0
Total Value & Projected Revenue $ 27,269,561 $ 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 CITY OF
MUNICIPALITY OF MULLENS
I, KRYSTAL WALLACE, 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.
Krystal Wallace
(Signature)
CITY MANAGER
(OFFICIAL TITLE OF RECORDING OFFER)
ID: 788229