FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF HUNDRED, 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 $ 21,974
Property Taxes – Current Expense 23,826
Gas & Oil Severance Tax 3,900
Excise Tax on Utilities 12,500
Wine & Liquor Tax 100
Animal Control Tax 65
Sales Tax 30,000
Fines, Fees & Court Costs 10,000
Parking Violations 100
Licenses 600
Building Permit Fees 50
Miscellaneous Permits 350
IRP Fees (Interstate Registration Plan) 4,500
Parks & Recreation 800
Rents, Royalities, and Concessions 100
Refuse Collection 41,000
Police Protection Fees 13,000
Fire Protection Fees 7,500
Street Fees 3,700
Other Grants 4,300
Gaming Income 13,000
Interest Earned on Investments 5
Commissions 375
Video Lottery (LVL) 2,900
Miscellaneous Revenues (provide details on ‘Explanations’ tab) 700
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 195,345
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 100
Coal Severance Tax 1,250
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 1,350
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
Mayor’s Office 4,800 –
City Council 600 –
Recorder’s Office 17,292 –
City Clerk’s Office 25,640 –
City Attorney 4,800 –
Enforcement Agency 348 –
Regional Development Authority 115 –
City Hall 28,000 1,350
Public Works Department 24,350 –
Police Department 17,600 –
Fire Department 7,500 –
Streets and Highways 3,700 –
Street Lights 7,500 –
Signs and Signals 1,000 –
Snow Removal 1,000 –
Garbage Department 35,000 –
Landfill/Incinerator Department 6,000 –
Parks & Recreation 800 –
Fair Associations/Festivals 4,300
Cemetaries 5,000 –
TOTAL ESTIMATED EXPENDITURES $ 195,345 $ 1,350
MUNICIPALITY OF HUNDRED, 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 $ 2,055,200 25.00 $ 5,138
Personal Property 0 0
Total Class II $ 2,055,200 $ 5,138
CLASS IV
Real Estate $ 1,996,120 50.00 $ 9,981
Personal Property 1,502,567 7,513
Public Utility 696,473 3,482
Total Class IV $ 4,195,160 $ 20,976
Total Value & Projected Revenue $ 6,250,360 $ 26,114
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 1,306
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 496
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 24,312
Less Assessor Valuation Fund
(Subtracted from regular current expense taxes levied only) 2.00% 486
Net Amount to be Raised by Levy of Property Taxes $ 23,826
MUNICIPALITY OF HUNDRED, 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 0.00 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 2,055,200 0.00 $ 0
Personal Property 0 0
Total Class II $ 2,055,200 $ 0
CLASS IV
Real Estate $ 1,996,120 0.00 $ 0
Personal Property 1,502,567 0
Public Utility 696,473 0
Total Class IV $ 4,195,160 $ 0
Total Value & Projected Revenue $ 6,250,360 $ 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
MUNICIPALITY OF HUNDRED, 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 $ 2,055,200 0.00 $ 0
Personal Property 0 0
Total Class II $ 2,055,200 $ 0
CLASS IV
Real Estate $ 1,996,120 0.00 $ 0
Personal Property 1,502,567 0
Public Utility 696,473 0
Total Class IV $ 4,195,160 $ 0
Total Value & Projected Revenue $ 6,250,360 $ 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
MUNICIPALITY OF HUNDRED
I, Rebecca Goff , 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 18th day of March, 2024.
Rebecca Goff
(Signature)
Recorder
(Official Title of Recording Officer)
ID: 788027