FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MONTGOMERY, 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 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 17,510
Property Taxes – Current Expense 129,328
Property Taxes – Excess Levy 65,984
Gas & Oil Severance Tax 3,800
Excise Tax on Utilities 50,000
Business and Occupation Tax 470,000
Wine & Liquor Tax 30,500
Sales Tax 112,000
Fines, Fees and Court Costs 42,000
Parking Violations 1,000
Licenses 13,720
Building Permits Fees 2,000
Franchise Fees 16,600
IRP Fees (Interstate Registration Plan) 10,245
Municipal Service Fees 45,165
Parking Meter Revenues 4,500
Rents and Concessions 21,000
Refuse Collection 250,000
Police Protection Fees 62,500
Fire Protection Fees 62,500
Charges for Services 12,552
Charges to Other Entities 56,000
Contributions from Other Funds 66,000
Gaming Income 11,000
Interest Earned on Investments 210
Video Lottery (LVL) 4,000
Miscellaneous Revenue 10,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $1,570,114
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $1
Coal Severance Tax 3,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $3,001
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office $19,893 0
City Council 12,313 0
Recorder’s Office 21,635 0
Treasurer’s Office 2,712 0
Police Judge’s Office 4,270 0
City Attorney 8,050 0
Regional Development Authority 600 0
City Hall 347,165 0
Police Department 579,639 0
Fire Department 68,103 0
Streets and Highways 140,000 3,001
Garage Department 251,364 0
Parks & Recreation 17,076 0
Fair Associations/Festivals 6,000 0
Beautification Programs 12,000 0
Capital Projects – General Government 79,294 0
TOTAL ESTIMATED EXPENDITURES $1,570,114 $3,001
MUNICIPALITY OF MONTGOMERY, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
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 $8,484,700 25.00 $21,212
Personal Property 0 0
Total Class II $8,484,700 $21,212
CLASS IV
Real Estate $12,002,730 50.00 $60,014
Personal Property 5,507,698 27,538
Public Utility $6,597,000 $32,985
Total Class IV $24,107,428 $120,537
Total Value and Projected Revenue $32,592,128 $141,749
Less Delinquencies, Exonerations and Uncollectable Taxes 5.00% 7,088
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,694
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $131,967
Less Assessor Valuation Fund 0.02 and 0.02 2,639
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $129,328
MUNICIPALITY OF MONTGOMERY, WEST VIRGINIA
Excess Levy / Levies
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
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 $8,484,700 12.50 $10,606
Personal Property 0 0
Total Class II $8,484,700 $10,606
CLASS IV
Real Estate $12,002,730 25.00 $30,007
Personal Property 5,507,698 13,769
Public Utility 6,597,000 16,493
Total Class IV $24,107,428 $60,269
Total Value and Projected Revenue $32,592,128 $70,874
Less Delinquencies, Exonerations and Ucollectable Taxes 5.00% 3,544
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,347
Net Amount to be Raised by Levy for Budget Purposes $65,983
MUNICIPALITY OF MONTGOMERY, WEST VIRGINIA
Bond Levy
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
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 $8,484,700 0.00 $0
Personal Property 0 0
Total Class II $8,484,700 $0
CLASS IV
Real Estate $12,002,730 0.00 $0
Personal Property 5,507,698 0
Public Utility 6,597,000 0
Total Class IV $24,107,428 $0
Total Value and Projected Revenue $35,592,128 $0
Less Delinquencies, Exonerations and Ucollectable 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 FAYETTE/KANAWHA
MUNICIPALITY OF MONTGOMERY
I, Dave White, 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 9th day of March, 2021.
Dave White
Recording Officer