FISCAL YEAR 2022/2023
MUNICIPALITY OF PINEVILLE
LEVY ESTIMATE/BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF PINEVILLE 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 $100
Ad Valorem Taxes 90,709
Excess Levy 46,280
Gas & Oil Severance Tax 1,000
Excise Tax on Utilities 68,000
Gross Sales Tax 185,000
Wine and liquor tax 11,000
Hotel Occupancy Tax 10,000
Fines, Fees & Court Costs 15,000
Parking Violations 30
Licenses 2,500
Building Permit Fees 65
IRP Fees 22,000
Table Gaming Revenues 25,000
Accident reports 350
Video lottery 750
Miscellaneous 3,200
TOTAL ESTIMATED REVENUE (GENERAL FUND) $480,984
ESTIMATED CURRENT EXPENDITURES (GENERAL FUND)
Office of Mayor $5,441
Members of Council 6,959
Recorder 4,175
City Manager 26,769
Police Judge 6,125
City Attorney 7,200
Custodial 5,500
Regional Development 1,000
Building Inspection 1,200
Elections 7,400
City Hall 80,475
Police Department 240,313
Fire Department 12,800
Streets & Highways 36,027
Street Lights 18,000
Landfill/Incinerator Department 300
Parks 2,700
Visitors Bureau 5,000
Fairs and Festivals 10,500
Swimming Pool 3,100
TOTAL ESTIMATED EXPENDITURES (GENERAL FUND) $480,984
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $100
Coal Severance Tax 1,300
TOTAL ESTIMATED REVENUE (COAL SEVERANCE TAX FUND) $1,400
ESTIMATED CURRENT EXPENDITURES (COAL SEVERANCE TAX FUND)
Streets & Highways $1,400
TOTAL ESTIMATED EXPENDITURES (COAL SEVERANCE TAX FUND) $1,400
MUNICIPALITY OF PINEVILLE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
Certificate of Valuation
Assessed Values Levy Taxes
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 $3,897,080 25.00 $9,743
Personal Property 12,096 30
Total Class II $3,909,176 $9,773
CLASS IV
Real Estate $6,986,350 50.00 $34,932
Personal Property 6,488,729 32,444
Public Utility 4,454,129 22,271
Total Class IV $17,929,208 $89,647
Total Value & Projected Revenue $21,838,384 $99,420
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 4,971
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,889
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $92,560
Less Assessor Valuation Fund 2.00% 1,851
(Subtracted from current expense taxes levied only)
Net Amounts to be Raised by Levy of Property Taxes $90,709
MUNICIPALITY OF PINEVILLE, WEST VIRGINIA
Excess Levy/Levies
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
Certificate of Valuation
Assessed Values Levy Taxes
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 $3,897,080 12.50 $4,871
Personal Property 12,096 15
Total Class II $3,909,176 $4,886
CLASS IV
Real Estate $6,986,350 25.00 $17,466
Personal Property 6,488,729 16,222
Public Utility 4,454,129 11,135
Total Class IV $17,929,208 $44,823
Total Value & Projected Revenue $21,838,384 $49,709
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 2,485
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 944
Net Amount to be Raised by Levy for Budget Purposes $46,280
MUNICIPALITY OF PINEVILLE, WEST VIRGINIA
Excess or Bond Levy
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
Certificate of Valuation
Assessed Values Levy Taxes
Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $0 0 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $3,897,080 0 $0
Personal Property 12,096 0
Total Class II $3,909,176 $0
CLASS IV
Real Estate $6,986,350 0 $0
Personal Property 6,488,729 0
Public Utility 4,454,129 0
Total Class IV $17,929,208 $0
Total Value & Projected Revenue $21,838,384 $0
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 0
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 0
Net Amount to be Raised by Levy for Budget Purposes $0
STATE OF WEST VIRGINIA
COUNTY OF WYOMING
MUNICIPALITY OF PINEVILLE
I, Victoria Knight Clay , 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 30th day March, 2021.
Victoria Knight Clay
RECORDER