FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF OAK HILL, 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
Restricted Fund Balance $1,000
Committed Fund Balance 275,000
Assigned Fund Balance 895,779
Property Taxes – Current Expense 753,800
Prior Year Taxes 74,900
Supplemental Taxes 60,000
Tax Penalties, Interest & Publication Fees 13,200
Gas & Oil Severance Tax 12,000
Excise Tax on Utilities 294,000
Business and Occupation Tax 2,000,000
Wine & Liquor Tax 60,000
Hotel Occupancy Tax 109,000
Fines, Fees & Court Costs 120,000
Amusement Tax 12,000
Parking Violations 600
Regional Jail Operations Partial Reimbursement 500
Licenses 35,000
Building Permit Fees 1,800
Miscellaneous Permits 600
Franchise Fees 100,000
Inspection Fees 18,000
IRP Fees (Interstate Registration Plan) 60,000
Private Liquor Club Fee 3,200
Municipal Service Fees 6,000
Rents, Royalties, and Concessions 36,000
Federal Government Grants 40,000
Gaming Income 7,800
Interest Earned on Investments 56,200
Reimbursements (Explain type of funds & amounts being transferred, 60,000
Refunds 17,500
Accident Reports 4,200
Video Lottery (LVL) 18,000
Miscellaneous Revenues 600
TOTAL ESTIMATED REVENUE (GENERAL FUND) $5,146,679
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $500
Coal Severance Tax 12,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $12,500
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Civil Service 3,294 –
Mayor’s Office 6,141 –
City Council 44,540 –
City Manager’s Office 397,056 –
Treasurer’s Office 122,599 –
City Clerk’s Office 93,466 –
Police Judge’s Office 78,762 –
Custodial 59,596 –
Regional Development Authority 2,783 –
Planning and Zoning 47,940 –
City Hall 269,265 –
Police Department 1,667,342 –
COPS Grants 64,900 –
Fire Department 137,080 –
Fire Hydrants 10,500 –
Streets and Highways 1,064,126 12,500
Street Lights 74,400 –
Signs and Signals 1,800 –
Parks & Recreation 278,700 –
Vistors Bureau 60,000 –
Fair Associations/Festivals 9,000 –
Community Center 15,000 –
Beautification Programs 9,900 –
Aging Program (Senior Citizens) 2,500
Capital Projects – General Government 350,000 –
Capital Projects – Public Safety 233,989 –
Capital Projects – Street and Transportation 30,000 –
TOTAL ESTIMATED EXPENDITURES $5,146,679 $12,500
MUNICIPALITY OF OAK HILL, 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 $116,257,590 25.00 $290,644
Personal Property 442,998 1,107
Total Class II $116,700,588 $291,751
CLASS IV
Real Estate $62,256,290 50.00 $311,281
Personal Property 28,302,488 141,512
Public Utility 20,623,275 103,116
Total Class IV $111,182,053 $555,910
Total Value and Projected Revenue $227,882,641 $847,662
Less Delinquencies, Exonerations and Ucollectable Taxes 5.00% 42,383
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 16,106
Less Allowance for Tax Increment Financing (if Applicable) 19,987
Total Projected Property Tax Collection $769,186
Less Assessor Valuation Fund 2.00% 15,384
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $753,802
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE
MUNICIPALITY OF OAK HILL
I, Damita Johnson, 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.
Damita Johnson
City Clerk-Treasurer