FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MONTGOMERY, 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
Unassigned Fund Balance 600,000
Property Taxes – Current Expense 130,114
Property Taxes – Excess Levy 66,384
Gas & Oil Severance Tax 3,000
Excise Tax on Utilities 75,000
Business and Occupation Tax 565,000
Wine & Liquor Tax 30,000
Hotel Occupancy Tax 2,000
Sales Tax 240,000
Fines, Fees and Court Costs 50,000
Parking Violations 1,000
Licenses 14,000
Building Permits Fees 6,000
Franchise Fees 14,000
IRP Fees (Interstate Registration Plan) 12,000
Employee Health Insurance Premium Charges 19,000
Municipal Service Fees 50,000
Parking Meter Revenues 7,000
Rents and Concessions 24,000
Refuse Collection 275,000
Police Protection Fees 65,000
Fire Protection Fees 65,000
Charges for Services 65,000
Contributions from Other Funds 1,800
Gaming Income 12,000
Interest Earned on Investments 150
Sale of Fixed Assets 7,800
Confiscated Property 500
Video Lottery (LVL) 6,000
Miscellaneous Revenue 10,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $2,416,748
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 $20,400 –
City Council 12,000 –
Recorder’s Office 13,800 –
Treasurer’s Office 3,000 –
Police Judge’s Office 4,500 –
City Attorney 8,200 –
Contributions to Comms/Authorities 14,000 –
Regional Development Authority 600 –
City Hall 492,000 –
Other Buildings 12,000 –
Police Department 615,000 –
Fire Department 80,500 –
Streets and Highways 195,500 3,001
Garage Department 272,500 –
Parks & Recreation 25,000 –
Visitors Bureau 1,000 –
Fair Associations/Festivals 6,000 –
Beautification Programs 12,000 –
Capital Projects – General Government 628,748 –
TOTAL ESTIMATED EXPENDITURES $2,416,748 $3,001
MUNICIPALITY OF MONTGOMERY, 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 $8,166,600 25.00 $20,417
Personal Property 0 0
Total Class II $8,166,600 $20,147
CLASS IV
Real Estate $12,152,920 50.00 $60,765
Personal Property 5,717,333 28,587
Public Utility $6,568,018 $32,840
Total Class IV $24,438,271 $122,192
Total Value and Projected Revenue $32,604,871 $142,609
Less Delinquencies, Exonerations and Uncollectable Taxes 5.00% 7,130
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,710
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $132,769
Less Assessor Valuation Fund 0.02 and 0.02 2,655
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $130,114
MUNICIPALITY OF MONTGOMERY, WEST VIRGINIA
Excess Levy / Levies
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 6.25 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $8,166,600 12.50 $10,208
Personal Property 0 0
Total Class II $8,166,600 $10,208
CLASS IV
Real Estate $12,152,920 25.00 $30,382
Personal Property 5,717,333 14,293
Public Utility 6,568,018 16,420
Total Class IV $24,438,271 $61,095
Total Value and Projected Revenue $32,604,871 $71,303
Less Delinquencies, Exonerations and Ucollectable Taxes 5.00% 3,565
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,354
Net Amount to be Raised by Levy for Budget Purposes $66,384
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE/KANAWHA
MUNICIPALITY OF MONTGOMERY
I, David 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 24th day of March, 2022.
David White
Recording Officer