FISCAL YEAR JULY 1, 2023 JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF SHINNSTON, WEST VIRGINIA
In accordance with Code ยง11-8-14, as amended, the Council proceeded to make an estimate of the amounts necessary to be raised by levy or 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 1,500
Property Taxes – Current Expense 291,845
Gas & Oil Severance Tax 15,000
Excise Tax on Utilities 130,000
Business and Occupation Tax 420,000
Wine & Liquor Tax 17,250
Animal Control Tax 670
Sales Tax 375,000
Fines, Fees and Court Costs 40,000
Licenses 10,000
Building Permits Fees 10,000
Miscellaneous Permits 1,000
Franchise Fees 16,000
IRP Fees (Interstate Registration Plan) 13,500
Parks & Recreation 65,000
Refuse Collection 475,000
Police Protection Fees 75,000
Fire Protection 225,000
Street Fees 40,000
Charges for Services 9,000
Federal Government Grants 15,000
State Governement Grants 15,000
Other Grants 5,000
Contributions from Other Entities 26,500
Gaming Income 14,000
Interest Earned on Investments 1,000
REfunds 10,000
Sale of Fixed Assets 25,000
Accident Reports 2,000
Video Lottery (LVL) 25,000
Miscellaneous Revenues 5,500
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $2374,765
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 1,000
Coal Severance Tax 12,000
Interest Earned on Investment 20
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $13,020
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Ecconomic Development $ 69,000 –
City Council 11,044 –
City Manager’s Office 48,408 –
Finance Office 36,839 –
City Clerk’s Office 8,882
Police Judge’s Office 20,000
City Attorney 15,000
City Auditor 8,000
Engineering 1,000
Rehabilitation of Property 20,000
Custodial 8,060
Regional Development Authority 660
Building Inspeciton 26,000
Elections 5,000
City Hall 158,000
Public Works Department 99,688
Contingencies 2,128
Police Department 713,171
Fire Department 225,000
Dog Warden/Humane Society 700
Streets and Highways 105,090 13,020
Street Lights 25,000
Signs and Signals 10,000
Central garage 12,000
Garbage Department 460,000
Parks & Recreation 71,512
Fair Associations/Festivals 52,000
Swimming Pools 145,083
Library 7,500
Beautification Programs 10,000 1,000
TOTAL ESTIMATED EXPENDITURES $2,374,765 $13,020
MUNICIPALITY OF SHINNSTON, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS II
Real Estate $39,628,420 25.00 $99,071
Personal Property 159,840 400
Total Class II $39,788,260 $99,471
CLASS IV
Real Estate $17,674,000 50.00 $88,370
Personal Property 21,389,356 106,947
Public Utility 5,016,963 25,085
Total Class IV $44,080,319 $220,402
Total Value &
Projected Revenue $83,868,579 $319,873
Less Delinquencies, Exonerations
& Uncollectable Taxes 5.00% 15,994
Less Tax Discounts 2.00% 6,078
Total Projected Property Tax Collection 297,801
Less Assessor Valuation Fund 2.00% 5,956
Net Amount to be Raised by
Levy of Property Taxes $291,845
MUNICIPALITY OF SHINNSTON, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS II
Real Estate $39,628,420 12.5 $49,536
Personal Property 159,840 200
Total Class II $39,788,260 $49,736
CLASS IV
Real Estate $17,674,000 25.00 $44,185
Personal Property 21,389,356 53,473
Public Utility 5,016,963 12,542
Total Class IV $44,080,319 $110,200
Total Value &
Projected Revenue $83,868,579 $159,936
Less Delinquencies, Exonerations
& Uncollectable Taxes 5.00% 7,997
Less Tax Discounts 2.00% 3,039
Net Amount to be Raised by
Levy for Budget Purposes $148,900
State of West Virginia
County of Marion
Municipality of Shinnston,
I, Kathleen Panek, 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 March 2023.
Kathleen Panek
City Clerk
Times: April 27, May 4, 2023
ID: 701844