Legal 3 col x 17-3/4”
0324 0331
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF PARSONS, WEST VIRGINIA
In accordance with Code § 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
Unassigned Fund Balance $ 100,000
Property Taxes – Current Expense 133,240
Prior Year Taxes 10,000
Supplemental Taxes 5,000
Tax Penalties, Interest & Publication Fees 2,000
Gas & Oil Severance Tax 2,500
Excise Tax on Utilities 45,000
Wine & Liquor Tax 15,000
Animal Control Tax 600
Hotel Occupancy Tax 400
Fines, Fees & Court Costs 2,500
Parking Violations 100
Licenses 4,000
Building Permit Fees 1,500
Miscellaneous Permits 500
Franchise Fees 9,000
IRP Fees (Interstate Registration Plan) 10,000
Parks & Recreation 12,010
Rents, Royalties and Concessions 105,000
Charges for Services 28,305
Contributions from Other Entities 65,000
Transfers from Rainy Day Fund 60,000
Gaming Income 10,000
Municipal Specific 15,200
Interest Earned on Investments 150
Reimbursements (Explain type of funds & amounts being transferred) 55,300
Refunds 6,000
Sale of Fixed Assets 1,000
Filing Fees 300
Accident Reports 100
Miscellaneous Revenues 500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 701,868
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 100
Coal Severance Tax 3,000
Interest Earned on Investment 2
TOTAL ESTIMATED REVENUE $ 3,102
(COAL SEVERANCE FUND)
General Coal Severance
ESTIMATED CURRENT EXPENDITURES Fund Fund
Mayor’s Office $ 2,584 $ –
City Council 7,751 –
Recorder’s Office 2,138 –
Treasurer’s Office 21,562 –
Police Judge’s Office 4,310 –
City Attorney 4,800 –
Main Street Program 6,000 –
Other Grants 2,000 –
Custodial 1,500 –
Regional Development Authority 1,708 –
Elections 4,500 –
City Hall 104,908 –
Public Grounds 5,000 –
Contingencies 9,000 –
Police Department 143,405 –
Dog Warden / Humane Society 600 –
Streets and Highways 194,650 3,102
Street Lights 25,000 –
Signs and Signals 20,000 –
Snow Removal 17,208 –
Street Construction 5,000 –
Parks & Recreation 7,083 –
Visitors Bureau 200 –
Fair Associations / Festivals 15,000 –
Community Center 27,261 –
Youth Program 1,000 –
Beautification Programs 5,000 –
Capital Projects – General Government 5,000 –
Capital Projects – Public Safety 10,300 –
Capital Projects – Street and Transportation 34,000 –
Capital Projects – Culture and Recreation 13,400 –
TOTAL ESTIMATED EXPENDITURES $ 701,868 $ 3,102
MUNICIPALITY OF PARSONS, 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 $ 15,609,850 25.00 $ 39,025
Personal Property 266,530 666
Total Class II $ 15,876,380 $ 39,691
CLASS IV
Real Estate $ 10,760,380 50.00 $ 53,802
Personal Property 7,505,418 37,527
Public Utility 3,143,227 15,716
Total Class IV $ 21,409,025 $ 107,045
Total Value & Projected Revenue $ 37,285,405 $ 146,736
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 7,337
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,788
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 136,611
Less Assessor Valuation Fund 1.25% 1,708
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 134,903
STATE OF WEST VIRGINIA
COUNTY OF Tucker
MUNICIPALITY OF Parsons
I, Bruce A. Kolsun, 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 16th day of March, 2021.