FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF BEVERLY, 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 160,000
Property Taxes – Current Expense 41,387
Gas & Oil Severance Tax 1,500
Excise Tax on Utilities 5,000
Animal Control Tax 50
Fines, Fees & Court Costs 110,000
Regional Jail Operations Partial
Reimbursement 10,000
Licenses 1,800
Building Permit Fees 1,500
Miscellaneous Permits 30
Franchise Fees 12,000
IRP Fees (Interstate Registration Plan) 15,000
State Government Grants 18,000
Payroll Reimbursements 20,000
Gaming Income 10,000
Interest Earned on Investments 75
Refunds 1,250
Filing Fees 100
Video Lottery (LVL) 2,200
Miscellaneous Revenues 500
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $410,392
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $1,000
Coal Severance Tax 1,500
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $2,500
General Coal
Fund Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Zoning Board 3,000 –
Mayor’s Office 5,000 –
City Council 10,000 –
Recorder’s Office 2,000 –
City Clerk’s Office 26,000 –
Police Judge’s Office 1,000 –
City Attorney 25,000 –
City Auditor 8,000 –
Main Street Program 5,000 –
Enforcement Agency 10,000 –
Rehabilitation of Property 5,000 –
Custodial 1,000 –
Regional Development Authority 1,000 –
Building Inspection 7,000 –
Planning & Zoning 10,292 –
Elections 500 –
City Hall 40,000 –
Contributions / Transfers to Other Funds 2,000 –
Public Grounds 12,000 –
Contingencies 41,000 –
Police Department 160,000 –
Streets and Highways 5,000 –
Street Lights 5,000 2,500
Signs and Signals 1,000 –
Snow Removal 1,000 –
Street Cleaning 2,500 –
Sidewalks 3,000 –
Storm Sewer 7,100 –
Parks & Recreation 1,000 –
Fair Associations/Festivals 6,000 –
Historical Commission 500 –
4-H Camp 1,000 –
Beautification Programs 1,500 –
Capital Projects – General Government 1,000 –
TOTAL ESTIMATED EXPENDITURES $410,392 $2,500
MUNICIPALITY OF BEVERLY, 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 9.39 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $8,704,980 18.78 $16,348
Personal Property 55,764 105
Total Class II $8,760,744 $16,453
CLASS IV
Real Estate $4,872,080 37.56 $18,300
Personal Property 2,013,946 7,564
Public Utility 810,747 3,045
Total Class IV $7,696,773 $28,909
Total Value & Projected Revenue $16,457,517 $45,362
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 2,268
Less Tax Discounts (use Total
Projected Revenue to calculate) 2.00% 862
Less Allowance for Tax Increment
Financing (if Applicable) 0
Total Projected Property Tax Collection $42,232
Less Assessor Valuation Fund 2.00% 845
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $41,387
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF BEVERLY
I, Connie Pingley, 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 14th day of March, 2022.
Connie Pingley
(Signature)
RECORDER
(Official Title of Recording Officer)
3-18, 3-25