FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF ANSTED, 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
Assigned Fund Balance 5,000
Unassigned Fund Balance 100,000
Property Taxes – Current Expense 85,009
Gas & Oil Severance Tax 2,300
Excise Tax on Utilities 45,000
Business and Occupation Tax 200,000
Wine & Liquor Tax 500
Animal Control Tax 30
Hotel Occupancy Tax 20,000
Fines, Fees & Court Costs 10,000
Licenses 5,000
Building Permit Fees 100
Franchise Fees 2,000
IRP Fees (Interstate Registration Plan) 12,000
Parks & Recreation 100
Municipal Service Fees 100
Gaming Income 8,000
Interest Earned on Investments 20
Sales of Materials 8,000
Video Lottery (LVL) 3,800
TOTAL ESTIMATED REVENUE (GENERAL FUND) $504,459
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $100
Coal Severance Tax 3,900
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $4,000
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 3,000 –
City Council 3,000 –
Recorder’s Office 2,400 –
City Manager’s Office 6,000 –
Police Judge’s Office 2,400 –
Regional Development Authority 505 –
Building Inspection 1,000 –
City Hall 121,954 –
Police Department 135,000 –
Streets and Highways 175,000 4,000
Street Lights 13,000 –
Parks & Recreation 20,000 –
Visitors Bureau 10,000 –
Library 1,200 –
Beautification Programs 5,000 –
Cemeteris 5,000 –
TOTAL ESTIMATED EXPENDITURES $504,459 $4,000
MUNICIPALITY OF ANSTED, 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 13,567,700 25.00 33,919
Personal Property 177,396 443
Total Class II $13,745,096 $34,362
CLASS IV
Real Estate $6,271,930 50.00 $31,360
Personal Property 2,709,965 13,550
Public Utility 2,780,127 13,901
Total Class IV $11,762,022 $58,811
Total Value and Projected Revenue $25,507,118 $93,173
Less Delinquencies, Exonerations and Ucollectable Taxes 5.00% 4,659
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,770
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $86,744
Less Assessor Valuation Fund 2.00% 1,735
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $85,009
STATE OF WEST VIRGINIA
COUNTY OF FAYETTE
MUNICIPALITY OF ANSTED
I, Christina Marin-Gill, 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 18th day of March, 2021.
Siobhan Wilson
Recorder