FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF RAINELLE, 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 308,030
Assigned Fund Balance 149,444
Unassigned Fund Balance 45,767
Property Taxes – Current Expense 110,895
Gas & Oil Severance Tax 4,000
Excise Tax on Utilities 20,000
Business and Occupation Tax 180,000
Wine & Liquor Tax 17,800
Animal Control Tax 400
Fines, Fees & Court Costs 20,000
Licenses 10,000
Building Permit Fees 3,000
Miscellaneous Permits 200
Franchise Fees 14,500
IRP Fees (Interstate Registration Plan) 13,000
Parks & Recreation 20,000
Municipal Service Fees 38,000
Rents, Royalties, and Concessions 18,000
Refuse Collection 180,000
Other Grants 40,000
Payroll Reimbursements 13,300
Gaming Income 21,000
Interest Earned on Investments 400
Refunds 4,000
Accident Reports 100
Video Lottery (LVL) 5,000
Miscellaneous Revenues 500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $1,237,336
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $15,000
Coal Severance Tax 4,500
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $19,500
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Federal Grants $84,800 $-
Mayor’s Office 4,875 –
City Council 10,000 –
Recorder’s Office 5,475 –
City Clerk’s Office 24,575 –
Police Judge’s Office 4,200 –
Other Grants 296,897 –
Regional Development Authority 542 –
City Hall 112,850 –
Police Department 167,600 –
Flood Control/ Soil Conservation 75,000 –
Fire Hydrants 5,572 –
Streets and Highways 102,950 –
Street Lights 15,000 –
Snow Removal 1,000 –
Central Garage 2,500 –
Street Construction 75,000 19,500
Sidewalks 1,000 –
Garbage Department 153,000 –
Landfill/Incinerator Department 53,000 –
Recycling Center 200 –
Parks & Recreation 7,500 –
Swimming Pools 26,800 –
Library 3,000 –
Cemeteries 4,000 –
TOTAL ESTIMATED EXPENDITURES $1,237,336 $19,500
MUNICIPALITY OF RAINELLE, 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 $7,142,570 25.00 $17,856
Personal Property 25,398 63
Total Class II $7,167,968 $17,864
CLASS IV
Real Estate $10,725,550 50.00 $53,628
Personal Property 6,065,612 30,328
Public Utility 3,933,754 19,669
Total Class IV $20,724,916 $103,625
Total Value and Projected Revenue $27,892,884 $121,544
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 6,077
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,309
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $113,158
Less Assessor Valuation Fund 2.00% 2,263
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $110,855
STATE OF WEST VIRGINIA
COUNTY OF GREENBRIER
MUNICIPALITY OF RAINELLE
I, BILL BELL, 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 26th day of March, 2021.
Bill Bell
Recorder