FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF BARRACKVILLE, 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 60,350
Property Taxes – Current Expense 125,214
Gas & Oil Severance Tax 10,000
Excise Tax on Utilities 40,000
Business and Occupation Tax 50,000
Fines, Fees & Court Costs 4,000
Franchise Fees 8,500
IRP Fees (Interstate Registration Plan) 18,000
Police Protection Fees 15,000
Contributions from other Funds 2,000
Payroll Reimbursements 30,000
Gaming Income 10,000
Interest Earned on Investments 100
Reimbursements 1,000
Video Lottery (LVL) 7,000
Miscellaneous Revenues (provide details on ‘Explanations’ tab) 2,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 383,164
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 15,000
Coal Severance Tax 4,000
Interest Earned on Investment 90
Reimbursements 4,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 23,090
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Insurance Program (Self Insured) 25,000 –
Mayor’s Office 2,000 –
City Council 4,000 –
Recorder’s Office 1,000 –
Treasurer’s Office 600 –
City Clerk’s Office 45,000 –
Police Judge’s Office 3,000 –
City Attorney 8,000 –
City Auditor 3,600 –
Regional Development Authority 350 –
City Hall 60,000 –
Contributions / Transfers to Other Funds 20,000 19,000
Public Works Department 15,000 –
Transfers/Reimbursements – 4,090
Contingencies 17,000 –
Police Department 84,914 –
Fire Department 2,000 –
Fire Hydrants 1,500 –
Streets and Highways 55,000 –
Street Lights 20,000 –
Parks & Recreation 10,200 –
Beautification Programs 5,000 –
TOTAL ESTIMATED EXPENDITURES $ 383,164 $ 23,090
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 11.56 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 34,839,840 23.12 $ 80,550
Personal Property 0 0
Total Class II $ 34,839,840 $ 80,550
CLASS IV
Real Estate $ 4,559,490 46.24 $ 21,083
Personal Property 6,131,497 28,352
Public Utility 1,568,762 7,254
Total Class IV $ 12,259,749 $ 56,689
Total Value & Projected Revenue $ 47,099,589 $ 137,239
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 6,862
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,608
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 127,769
Less Assessor Valuation Fund 2.00% 2,555
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 125,214
STATE OF WEST VIRGINIA
COUNTY OF
MUNICIPALITY OF BARRACKVILLE
I, Andrew Tennant, 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 19 day of March, 2024
(Signature)
Andrew A Tennant, Recorder
(Official Title of Recording Officer)
ID: 788239