FISCAL YEAR JULY 1, 2021- JUNE 30, 2022
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF SMITHERS, 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 15,000
Property Taxes – Current Expense 70,635
Property Taxes – Excess Levy 36,035
Gas & Oil Severance Tax 1,300
Excise Tax on Utilities 20,000
Business and Occupation Tax 16,850
Wine & Liquor Tax 250
Sales Tax 205,784
Fines, Fees and Court Costs 12,300
Licenses 2,000
Building Permits Fees 500
Franchise Fees 800
IRP Fees (Interstate Registration Plan) 8,000
Municipal Service Fees 51,210
Refuse Collection 113,000
Charges for Services 2,000
State Government Grants 5,000
Contributions from Other Entities 135,000
Gaming Income 4,000
Filing Fees 650
Video Lottery (LVL) 1,200
Miscellaneous Revenue 15,375
TOTAL ESTIMATED REVENUE (GENERAL FUND) $716,889
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $300
Coal Severance Tax 1,500
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $1,800
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
State Grants 5,000 –
Mayor’s Office 9,400 –
City Council 8,000 –
Recorder’s Office 7,600 –
Treasurer’s Office 4,500 –
Police Judge’s Office 3,600 –
Regional Development Authority 650 –
Elections 3,000 –
City Hall 209,491 –
Internal Audit 2,500 –
Police Department 210,103 –
Dams & Dredging 1,500 –
Streets and Highways 44,456 –
Street Lights 12,800 –
Garbage Department 86,210 –
Landfill/Incinerator Department 25,000 –
Fair Associations/Festivals 48,613 –
Beautification Programs 34,466 1,800
TOTAL ESTIMATED EXPENDITURES $716,889 $1,800
MUNICIPALITY OF SMITHERS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
Certificate of Valuation
Asessed 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 $4,627,490 25.00 $11,569
Personal Property 35,400 89
Total Class II $4,662,890 $11,658
CLASS IV
Real Estate $6,201,270 50.00 $31,006
Personal Property 3,993,795 19,969
Public Utility $2,956,909 14,785
Total Class IV 13,151,974 65,760
Total Value and Projected Revenue $17,814,864 $77,418
Less Delinquencies, Exonerations and Uncollectable Taxes 5.00% 3,871
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,471
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $72,076
Less Assessor Valuation Fund 0.02 and 0.02 1,441
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $70,635
MUNICIPALITY OF SMITHERS, 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 $4,627,490 12.50 $5,784
Personal Property 35,400 44
Total Class II $4,662,890 $5,828
CLASS IV
Real Estate $6,201,270 25.00 $15,503
Personal Property 3,993,795 9,984
Public Utility $2,956,909 7,392
Total Class IV 13,151,974 $32,879
Total Value and Projected Revenue $17,814,864 $38,707
Less Delinquencies, Exonerations and Uncollectable Taxes 5.00% 1,936
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 736
Net Amount to be Raised by Levy for Budget Purposes $36,035
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE
MUNICIPALITY OF SMITHERS
I, Patsy Tucker, 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 8th day of March, 2021.
Patsy C. Tucker
Recorder