FISCAL YEAR 2021/2022
MUNICIPALITY OF OCEANA
LEVY ESTIMATE
STATE OF WEST VIRGINIA
MUNICIPALITY OF OCEANA to wit:
In accordance with Code Section 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 doth determine and estimate the several amounts to be as follows:
CURRENT REGULAR MUNICIPAL PURPOSES ESTIMATE
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
Unencumbered Balance $3,313
Ad Valorem Taxes 110,307
Excess Levy 53,038
Supplemental Taxes 6,800
Tax Penalties and Interest 1,700
Gas & Oil Severance Tax 3,313
Excise Tax on Utilities 57,500
Gross Sales Tax 278,433
Wine and liquor tax 11,000
Fines, Fees & Court Costs 26,500
Licenses 2,400
Building Permit Fees 500
Franchise Fees 16,500
IRP Fees 10,500
Park Revenues 11,500
Rents and concessions 20,000
Refuse Collection 208,890
Table Gaming Revenues 9,000
Interest Earned 25
Accident reports 653
Video lottery 950
Miscellaneous 2,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $835,322
ESTIMATED CURRENT EXPENDITURES (GENERAL FUND)
Office of Mayor $9,043
Members of Council 12,918
Recorder 7,105
Treasurer 48,637
Police Judge 6,817
Regional Development 2,091
Elections 2,000
City Hall 33,470
Police Department 285,980
Fire Department 36,489
Streets & Highways 64,921
Street Lights 18,803
Garbage Department 188,502
Parks 112,046
Library 6,500
TOTAL ESTIMATED EXPENDITURES (GENERAL FUND) $835,322
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $100
Coal Severance Tax 2,650
TOTAL ESTIMATED REVENUE (COAL SEVERANCE TAX FUND) $2,750
ESTIMATED CURRENT EXPENDITURES (COAL SEVERANCE TAX FUND)
Streets & Highways $2,750
TOTAL ESTIMATED EXPENDITURES (COAL SEVERANCE TAX FUND) $2,750
LEVY PAGE
For the Fiscal Year Ended June 30, 2022
Current Expense Current Expense
Assessed Values Levy Taxes Levy Taxes
Tax Purposes Rate/$100 Levied Rate/$100 Levied
Class I Property
Personal Property 0 12.50 0 5.89 0
Public Utilities 0 12.50 0 5.89 0
Total Class I 0 0 0
Class II Property
Real Estate 6,405,900 25.00 16,015 11.78 7,546
Personal Property 234,042 25.00 585 11.78 276
Total Class II 6,639,942 16,600 7,822
Class IV Property
Real Estate 9,941,930 50.00 49,710 23.56 23,423
Personal Property 7,231,412 50.00 36,157 23.56 17,037
Public Utilities 3,686,690 50.00 18,433 23.56 8,686
Total Class IV 20,860,032 104,300 49,146
TOTAL ASSESSED VALUE 27,499,974
TOTAL PROJECTED PROPERTY TAX REVENUE 120,900 56,968
* Less 112, 113, 239 (box lower left) 5% 6,045 2,848
Less 107 – Tax Discounts 2% 2,297 1,082
Total Projected Property Tax Collection 112,558 53,038
Less Assessor Valuation Fund 2% 2,251 –
(Subtracted from current expense taxes levied only)
Net Amounts to be Raised by Levy of Property Taxes 110,307 53,038
(To #301-01 on Page 4)
*112 Uncollectable Taxes 2,015
*113 Exonerations 2,015
*239 Delinquencies 2,015
Roll Back Weighted
Value Weighting Assessed
Class 1 0 0.01 0
Class 2 6,828,224 0.02 136,564
Class 3 0 0.04 0
Class 4 20,809,932 0.04 832,397
Total RB Value 27,638,156 968,962
Prior total projected property tax 120,989
Amount to be raised at 103% 124,619
12.8611
Class 1 Rate 12.50
Class 2 Rate 25.00
Class 3 Rate 50.00
STATE OF WEST VIRGINIA
COUNTY OF WYOMING
MUNICIPALITY OF OCEANA
I, James L Cook, 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 11th day of March, 2021.
James L. Cook
Recorder