FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF HUTTONSVILLE, WEST VIRGINIA
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 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 30,000
Property Taxes – Current Expense 16,913
Prior Year Taxes 500
Supplemental Taxes 250
Tax Penalties, Interest & Publication Fees 100
Gas & Oil Severance Tax 400
Excise Tax on Utilities 5,000
Wine & Liquor Tax 27,500
Animal Control Tax 25
Licenses 450
Franchise Fees 4,000
IRP Fees (Interstate Registration Plan) 2,000
Rents, Royalties, and Concessions 9,600
Civic Center / Coliseum 250
Transfers from Rainy Day Fund 25,000
Gaming Income 8,000
Video Lottery (LVL) 500
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 130,488
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 300
Coal Severance Tax 900
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 1,200
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Economic Development $ – $ –
Mayor’s Office 1,620 –
City Council 6,000 –
Recorder’s Office 1,620 –
City Manager’s Office 10,000 –
Housing Authority 50 –
Regional Development Authority 187 –
City Hall 78,460 1,200
Streets and Highways 5,000 –
Street Lights 2,400 –
Snow Removal 1,500 –
Storm Sewer 4,000 –
Water & Sewer 650 –
Parks & Recreation 2,000 –
Playgrounds 15,000 –
Library 1,000 –
Aging Program (Senior Citizens) 1,000 –
Cemeteries 1 –
TOTAL ESTIMATED EXPENDITURES $ 130,488 $ 1,200
MUNICIPALITY OF HUTTONSVILLE, 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 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 2,805,970 25.00 $ 7,015
Personal Property 122,688 307
Total Class II $ 2,928,658 $ 7,322
CLASS IV
Real Estate $ 959,210 50.00 $ 4,796
Personal Property 644,577 3,223
Public Utility 639,298 3,196
Total Class IV $ 2,243,085 $ 11,215
Total Value & Projected
Revenue $ 5,171,743 $ 18,537
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 927
Less Tax Discounts (use Total
Projected Revenue to calculate) 2.00% 352
Less Allowance for Tax Increment
Financing (if Applicable) 0
Total Projected Property Tax Collection $ 17,258
Less Assessor Valuation Fund 2.00% 345
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of
Property Taxes $ 16,913
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF HUTTONSVILLE
I, REUBEN CURRENCE, 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 10 day of March, 2021.
REUBEN CURRENCE
(Signature)
MAYOR
(Official Title of Recording Officer)
3-17, 3-24