FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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 $5,000
Committed Fund Balance 225,000
Unassigned Fund Balance 949,429
Property Taxes – Current Expense 768,899
Prior Year Taxes 64,900
Supplemental Taxes 75,000
Tax Loss Restoration 10,000
Tax Penalties, Interest & Publication Fees 13,200
Gas & Oil Severance Tax 12,000
Excise Tax on Utilities 300,000
Business and Occupation Tax 2,220,000
Wine & Liquor Tax 72,000
Hotel Occupancy Tax 109,000
Fines, Fees & Court Costs 194,000
Parking Violations 600
Regional Jail Operations Partial Reimbursement 500
Licenses 36,500
Building Permit Fees 1,800
Miscellaneous Permits 600
Franchise Fees 100,000
Inspection Fees 18,000
IRP Fees (Interstate Registration Plan) 96,000
Private Liquor Club Fee 4,000
Municipal Service Fees 4,800
Rents, Royalties, and Concessions 31,200
Federal Government Grants 24,000
State Government Grants –
Gaming Income 10,800
Interest Earned on Investments 56,200
Reimbursements (Explain type of funds & amounts being transferred) 60,000
Filing Fees 500
Accident Reports 3,600
Video Lottery (LVL) 21,600
Miscellaneous Revenues 1,200
TOTAL ESTIMATED REVENUE (GENERAL FUND) $5,507,828
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $1,000
Coal Severance Tax 20,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $21,000
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Civil Service 3,300 –
Mayor’s Office 6,141 –
City Council 46,310 –
City Manager’s Office 510,302 –
Treasurer’s Office 132,411 –
City Clerk’s Office 97,202 –
Police Judge’s Office 81,116 –
Custodial 62,656 –
Regional Development Authority 2,783 –
Planning and Zoning 48,132 –
Elections 11,000 –
City Hall 282,665 –
Other Buildings 6,000 –
Police Department 1,882,740 –
COPS Grants 63,200 –
Fire Department 152,920 –
Dog Warden/Humane Society 1,000 –
Fire Hydrants 10,500 –
Streets and Highways 1,097,630 21,000
Street Lights 78,000 –
Signs and Signals 1,800 –
Central Garage 12,000 –
Parks & Recreation 118,700 –
Vistors Bureau 60,000 –
Fair Associations/Festivals 7,000 –
Community Center 10,000 –
Youth Program 4,000 –
Library 1,500 –
Beautification Programs 9,900 –
Social Services 1,500 –
Capital Projects – General Government 400,000 –
Capital Projects – Public Safety 155,420 –
Capital Projects – Street and Transportation 150,000 –
TOTAL ESTIMATED EXPENDITURES $5,507,828 $21,000
MUNICIPALITY OF OAK HILL, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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 $123,457,050 25.00 $308,643
Personal Property 400,278 1,001
Total Class II $123,857,328 $309,643
CLASS IV
Real Estate $62,865,060 50.00 $314,325
Personal Property 29,793,037 148,965
Public Utility 18,530,293 92,651
Total Class IV $111,188,390 $555,942
Total Value and Projected Revenue $235,045,718 $865,585
Less Delinquencies, Exonerations and Uncollectable Taxes 5.00% 43,279
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 16,446
Less Allowance for Tax Increment Financing (if Applicable) 21,269
Total Projected Property Tax Collection $784,591
Less Assessor Valuation Fund 2.00% 15,692
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $768,899
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 23rd day of March, 2022.
Damita Johnson
City Clerk-Treasurer