FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF FAIRVIEW, 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 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 92,883
Property Taxes – Current Expense 38,626
Gas & Oil Severance Tax 2,169
Excise Tax on Utilities 21,510
Business and Occupation Tax 48,269
Wine & Liquor Tax 167
Animal Control Tax 24
Fines, Fees and Court Costs 7,315
Licenses 1,125
IRP Fees (Interstate Registration Plan) 11,757
Gaming Income 12,507
Interest Earned on Investments ` 155
Video Lottery (LVL) 2,753
Miscellaneous Revenues 1,138
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 240,398
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 1,200
Coal Severance Tax 1,000
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 2,200
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office $ 700 –
City Council 2,000 –
Recorder’s Office 1,800 –
Police Judge’s Office 600 –
City Attorney 2,000 –
City Auditor 9,000 –
Custodial 2,400 –
Regional Development Authority 1,250 –
City Hall 118,416 1,000
Police Department 45,000 –
Fire Department 1,000 –
Dog Warden/Humane Society 600 –
Streets and Highways 24,000 –
Street Lights 9,000 –
Signs and Signals 2,000 –
Snow Removal 4,000 –
Street Construction 15,632 –
Fair Associations/Festivals 1,000 800
Youth Program – 400
TOTAL ESTIMATED EXPENDITURES $ 240,398 $ 2,200
MUNICIPALITY OF FAIRVIEW, 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 $ 5,282,900 25.00 $ 13,207
Personal Property 0 0
Total Class II $ 5,282,900 $ 13,207
CLASS IV
Real Estate $ 2,310,520 50.00 $ 11,553
Personal Property 1,588,536 7,943
Public Utility 1,926,340 9,632
Total Class IV $ 5,825,396 $ 29,128
Total Value & Projected Revenue
$ 11,108,296 $ 42,335
Less Delinquencies, Exonerations
& Uncollectable Taxes 5.00% 2,117
Less Tax Discounts (use Total Projected
Revenue to calculate) 2.00% 804
Less Allowance for Tax Increment Financing (if applicaple) 0
Total Projected Property Tax Collection $ 39,414
Less Assessor Valuation Fund 2.00% 788
Net Amount to be Raised by Levy of Property Taxes $ 38,626
State of West Virginia
County of Marion
Municipality of FAIRVIEW
I, Heather Tuttle, 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 19th day March 2024.
Heather Tuttle
(Signature)
Recorder
(Official Title of Recording Officer)
ID: 785305