NOTICE OF PUBLIC HEARING ON PROPOSED LEVY RATES
To: Citizens of the City of Fairmont
Please take notice that the undersigned will reconvene a meeting of the
Council of the City of Fairmont on Tuesday, April 21, 2019 at 4:30 p.m., In
the Council Chambers at the Public Safety Building, 500 Quincy St.,
Fairmont, WV, for the following purpose:
ADOPTION, A RESOLUTION APPROVING RATES OF LEVY LAID BY CITY OF
FAIRMONT, MARION COUNTY, AND APPROVED BY THE STATE TAX
COMMISSIONER FOR MUNICIPAL PURPOSES FOR THE FISCAL YEAR
BEGINNING JULY 1, 2019 IN ACCORDANCE WITH CHAPTER 11, ARTICLE 8
OF THE WEST VIRGINIA CODE, AS AMENDED.
Copies of the proposed Resolution are available in the office of the City
Clerk, Room 312, 200 Jackson St., Fairmont, WV.
Any interested person may appear at the public hearing and be heard as to
whether or not said Resolution should be enacted.
All objections and suggestion shall be heard and Council shall take such
action as it deems necessary in the premises.
Given under my hand this the 25th day of March 2020.
Janet L. Keller
City Clerk
FISCAL YEAR JULY 1, 2020 – JUNE 30,2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF FAIRMONT, WEST VIRGINIA
In accordance with Code ยง 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 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 672,966
Unassigned Fund Balance 100,000
Property Taxes – Current Expense 2,544,151
Gas & Oil Severance Tax 44,447
Excise Tax on Utilities 1,079,000
Business and Occupation Tax 5,015,000
Wine & Liquor Tax 170,000
Animal Control Tax 4,500
Hotel Occupancy Tax 4,000
Sales Tax 2,300,000
Fines, Fees & Court Costs 170,000
Licenses 81,000
Building Permit Fees 186,000
Miscellaneous Permits 22,650
Franchise Fees 230,000
Inspection Fees 35,000
IRP Fees (Interstate Registration Plan) 150,000
Private Liquor Club Fee 15,000
Rents, Royalties, and Concessions 43,250
Refuse Collection 1,788,390
Police Protection Fees 654,500
Fire Protection Fees 1,055,000
Street Fees 717,200
Federal Government Grants 30,000
Contributions from Other Entities 40,000
Payment in Lieu of Taxes 26,000
Gaming Income 13,500
Interest Eamed on Investments 71,500
Insurance Claims 35,000
Filing Fees 270
Accident Reports 5,800
Fair Market Value 30,000
Video Lottery (LVL) 100,000
Miscellaneous Revenues 51,100
TOTAL ESTIMATED REVENUE $17,485,224
(GENERAL FUND)
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $10,000
Coal Severance Tax 50,000
Interest Earned on Investment 6
TOTAL ESTIMATED REVENUE $60,006
(COAL SEVERANCE FUND)
ESTIMATED CURRENT General Fund Coal Severance Fund
EXPENDITURES
City Council 65,428 –
City Manager’s Office 180,808 –
Finance Office 573,561 –
City Clerk’s Office 104,119 –
Police Judge’s Office 111,588 –
City Attorney 101,540 –
Main Street Program 29,000 –
Engineering 7,849 –
Personnel Office 47,151
Purchasing Department 29,706 –
Contributions to Comms 3,000 –
/Authorities
Regional Development Authority 12,158 –
Building Inspection 515,398 –
Planning & Zoning 309,366 –
Elections 27,650
Data Processing 105,964 –
City Hall 999,000 –
Public Works Department 244,832 –
Contingencies 581,648 –
Police Department 3,603,975 –
Investigative Services & Control 625,276 –
Police-Special Duty 9,326 –
Fire Department 4,927,415 –
Dog Warden/Humane Society 51,682 –
Fire Hydrants 106,392 –
Streets and Highways 795,678 –
Street Lights 434,000 –
Signs and Signals 124,755
Snow Removal 60,006
Central Garage 62,078 –
Garbage Department 1,750,890 –
Local Health Department 6,000 –
Parks & Recreation 276,901 –
Visitors Bureau 2,000 –
Arts & Humanities 1,000 –
Library 6,000
Social Services 2,090 –
Capital Projects –
Street and Transportation 650,000 –
TOTAL ESTIMATED $17,485,224 $60,006
EXPENDITURES
MUNICIPALITY OF FAIRMONT, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
for Tax Purposes
CLASS I
Personal Property $0 12.50 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $344,442,490 25.00 $961,106
Personal Property 277,494 694
Total Class II $344,719,984 $861,800
CLASS IV
Real Estate $206,716,040 50.00 $1,033,580
Personal Property 112,299,651 561,498
Public Utility 95,593,144 477,966
Total Class IV $414,608,835 $2,073,044
Total Value &
Projected Revenue $759,328,819 $2,934,844
Less Delinquencies, Exonerations & 5.00% 146,742
Uncollectables Taxes
Less Tax Discounts (use Total Projected 2.00% 55,762
to calculate)
Less Allowance for Tax Increment 136,268
Financing (if Applicable)
Total Projected Property Tax Collection $2,596,072
Lesser Assessor Valuation Fund 2.00% 51,921
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $2,544,151
MUNICIPALITY OF FAIRMONT, WEST VIRGINIA
ALLOWANCE FOR TAX INCREMENT FINANCING
REGULAR CURRENT EXPENSE LEVY
2020-2011
Column C
Roll Back Levy Taxes
Value Form Rate/$100 Levied
Current Year
Class I
Personal Propery $0 12.50 $0
Public Utility 0 0
Total Class I $0 $0
Class II
Real Estate $13,140,450 25.00 $32,851
Personal Property 0 0
Total Class II $13,140,450 $32,851
Class IV
Real Estate $15,965,040 50.00 $78,475
Personal Property 7,008,189 35,041
Public Utitlity 0 0
Total Class IV $22,703,229 $113,516
Total Value &
Projected Revenue $35,843,679 (Gross) $146,367
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 7,318
Less Tax Discounts 2.00% 2,781
Allowance For Tax Increment Financing 136,268
STATE OF WEST VIRGINIA
COUNTY OF MARION
MUNICIPALITY OF FAIRMONT
I, Janet L. Keller, 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, 2020.
Janet L. Keller
CITY CLERK
(Official Title of Recording Officer)
Times: April 6, 13, 2020