FISCAL YEAR JULY 1, 2022- JUNE 30, 2023
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
Nonspendable Fund Balance 56,256
Property Taxes – Current Expense 72,742
Property Taxes – Excess Levy 39,382
Gas & Oil Severance Tax 1,300
Excise Tax on Utilities 34,000
Business and Occupation Tax 194,400
Wine & Liquor Tax 150
Sales Tax 44,000
Fines, Fees and Court Costs 16,300
Licenses 1,200
Building Permits Fees 500
Franchise Fees 1,200
IRP Fees (Interstate Registration Plan) 22,000
Municipal Service Fees 42,500
Rents and Concessions 200
Refuse Collection 116,000
Charges for Services 2,000
State Government Grants 10,633
Contributions from Other Entities 329,059
Gaming Income 9,000
Filing Fees 650
Video Lottery (LVL) 2,500
Miscellaneous Revenue 17,250
TOTAL ESTIMATED REVENUE (GENERAL FUND) $1,013,222
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $100
Coal Severance Tax 2,381
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $2,481
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 14,400 –
City Council 9,000 –
Recorder’s Office 7,800 –
Treasurer’s Office 4,500 –
Police Judge’s Office 3,600 –
City Attorney 15,501 –
Other Grants 10,633 –
Regional Development Authority 292 –
Elections 650 –
City Hall 382,589 –
Internal Audit 2,500 –
Police Department 245,534 –
Dams & Dredging 3,000 –
Streets and Highways 103,649 –
Street Lights 17,000 –
Snow Removal 6,150 –
Street Construction 33,000 –
Garbage Department 95,374 –
Landfill/Incinerator Department 33,000 –
Fair Associations/Festivals 15,050 2,481
Beautification Programs 10,000 –
TOTAL ESTIMATED EXPENDITURES $1,013,222 $2,481
MUNICIPALITY OF SMITHERS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
Certificate of Valuation
Asessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $0 11.78 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $4,517,350 23.56 $10,643
Personal Property 41,556 98
Total Class II $4,558,906 $10,741
CLASS IV
Real Estate $6,053,360 47.12 $28,523
Personal Property 5,860,700 27,616
Public Utility $2,726,920 12,849
Total Class IV $14,640,980 $68,988
Total Value and Projected Revenue $19,199,886 $79,729
Less Delinquencies, Exonerations and Uncollectable Taxes 5.00% 3,987
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,515
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $74,227
Less Assessor Valuation Fund 0.02 and 0.02 1,485
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $72,742
MUNICIPALITY OF SMITHERS, 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 $4,517,350 12.50 $5,647
Personal Property 41,556 52
Total Class II $4,558,906 $5,699
CLASS IV
Real Estate $6,053,360 25.00 $15,133
Personal Property 5,860,700 14,652
Public Utility $2,726,920 6,817
Total Class IV $14,640,980 $36,602
Total Value and Projected Revenue $19,199,886 $42,301
Less Delinquencies, Exonerations and Uncollectable Taxes 5.00% 2,115
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 804
Net Amount to be Raised by Levy for Budget Purposes $39,382
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 14th day of March, 2022.
Patsy C. Tucker
Recorder