Legal 3 col x 17-1/4”
0330 0406
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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 $ 110,000
Property Taxes – Current Expense 139,769
Prior Year Taxes 3,200
Supplemental Taxes 4,000
Tax Penalties, Interest & Publication Fees 1,700
Gas & Oil Severance Tax 4,000
Excise Tax on Utilities 50,000
Wine & Liquor Tax 11,000
Animal Control Tax 500
Hotel Occupancy Tax 2,000
Fines, Fees & Court Costs 2,000
Licenses 3,500
Building Permit Fees 1,500
Franchise Fees 6,000
IRP Fees (Interstate Registration Plan) 17,000
Parks & Recreation 9,506
Rents, Royalties and Concessions 101,000
Charges for Services 30,102
Contributions from Other Entities 85,000
Transfers from Rainy Day Fund 50,000
Gaming Income 8,500
Municipal Specific 12,000
Interest Earned on Investments 150
Reimbursements (Explain type of funds & amounts being transferred) 55,622
Refunds 2,500
Accident Reports 100
Video Lottery (LVL) 300
Miscellaneous Revenues 500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 711,449
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 25,613 –
Police Judge’s Office 4,306 –
City Attorney 4,800 –
Main Street Program 6,000 –
Other Grants 1,000 –
Custodial 7,110 –
Regional Development Authority 1,526 –
City Hall 100,693 –
Public Grounds 5,000 –
Contingencies 15,000 –
Police Department 138,105 –
Dog Warden / Humane Society 500 –
Streets and Highways 198,650 3,102
Street Lights 25,000 –
Signs and Signals 15,000 –
Snow Removal 19,183 –
Street Construction 5,000 –
Parks & Recreation 5,506 –
Visitors Bureau 1,000 –
Fair Associations / Festivals 15,000 –
Community Center 25,312 –
Youth Program 1,000 –
Beautification Programs 6,000 –
Capital Projects – General Government 15,622 –
Capital Projects – Public Safety 11,000 –
Capital Projects – Street and Transportation 29,000 –
Capital Projects – Culture and Recreation 17,050 –
TOTAL ESTIMATED EXPENDITURES $ 711,449 $ 3,102
MUNICIPALITY OF PARSONS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 12.34 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 17,458,630 24.68 $ 43,088
Personal Property 281,950 696
Total Class II $ 17,740,580 $ 43,784
CLASS IV
Real Estate $ 11,293,630 49.36 $ 55,745
Personal Property 7,819,313 38,596
Public Utility 2,894,908 14,289
Total Class IV $ 22,007,851 $ 108,630
Total Value & Projected Revenue $ 39,748,431 $ 152,414
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 7,621
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,896
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 141,897
Less Assessor Valuation Fund 1.50% 2,128
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 139,769
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 21st day of March, 2022.