FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
MUNICIPALITY OF OCEANA
LEVY ESTIMATE
STATE OF WEST VIRGINIA
MUNICIPALITY OF OCEANA
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 $2,500
Ad Valorem Taxes 111,449
Excess Levy 56,861
Supplemental Taxes –
Tax Penalties and Interest –
Gas & Oil Severance Tax 2,675
Excise Tax on Utilities 62,000
Gross Sales Tax 285,000
Wine and liquor tax 15,000
Fines, Fees & Court Costs 30,000
Licenses 2,300
Building Permit Fees 250
Franchise Fees 14,400
IRP Fees 12,000
Park Revenues 16,000
Rents and concessions 20,000
Refuse Collection 215,000
State Government Grants 15,000
Table Gaming Revenues 8,000
Accident reports 300
Video lottery 835
Miscellaneous 3,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $872,570
ESTIMATED CURRENT EXPENDITURES (GENERAL FUND)
Office of Mayor $9,043
Members of Council 12,918
Recorder 7,105
Treasurer 54,513
Police Judge 7,500
Regional Development 2,091
City Hall 35,000
Police Department 298,500
Fire Department 56,600
Streets & Highways 63,000
Street Lights 18,800
Garbage Department 191,000
Parks 110,000
Library 6,500
TOTAL ESTIMATED EXPENDITURES (GENERAL FUND) $872,570
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $500
Coal Severance Tax 2,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE TAX FUND) $2,500
ESTIMATED CURRENT EXPENDITURES (COAL SEVERANCE TAX FUND)
Streets & Highways $2,500
TOTAL ESTIMATED EXPENDITURES (COAL SEVERANCE TAX FUND) $2,500
LEVY PAGE
For the Fiscal Year Ended June 30, 2023
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 6.25 0
Public Utilities 0 12.50 0 6.25 0
Total Class I 0 0 0
Class II Property
Real Estate 6,661,860 25.00 16,655 12.50 8,327
Personal Property 212,844 25.00 532 12.50 266
Total Class II 6,874,704 17,187 8,593
Class IV Property
Real Estate 9,766,090 50.00 48,830 25.00 24,415
Personal Property 7,794,340 50.00 38,972 25.00 19,486
Public Utilities 3,432,507 50.00 17,163 25.00 8,581
Total Class IV 20,992,937 104,965 52,482
TOTAL ASSESSED VALUE 27,867,641
TOTAL PROJECTED PROPERTY TAX REVENUE 122,152 61,075
* Less 112, 113, 239 (box lower left) 5% 6,108 3,054
Less 107 – Tax Discounts 2% 2,321 1,160
Total Projected Property Tax Collection 113,723 56,861
Less Assessor Valuation Fund 2% 2,274 –
(Subtracted from current expense taxes levied only)
Net Amounts to be Raised by Levy of Property Taxes 111,449 56,861
(To #301-01 on Page 4)
*112 Uncollectable Taxes 2,036
*113 Exonerations 2,036
*239 Delinquencies 2,036
Roll Back Weighted
Value Weighting Assessed
Class 1 0 0.01 0
Class 2 3,230,174 0.02 64,603
Class 3 0 0.04 0
Class 4 20,425,449 0.04 817,018
Total RB Value 23,655,623 881,621
Prior total projected property tax 124,527
Amount to be raised at 103% 128,263
14.5485
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, Tami Dishmon, 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.
Tami Dishmon
Treasurer