FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF TOWN OF WOMELSDORFF
(COALTON), 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:
General Coal Severance
Fund Fund
REVENUE SOURCE
Assigned Fund Balance 18,916 5,333
Coal Severance Tax 471
Property Taxes – Current Expense 14,788
Gas & Oil Severance Tax 399
Excise Tax on Utilities 2,152
Building Permit Fees 38
IRP Fees (Interstate Registration Plan) 9,738
Gaming Income 8,429
Video Lottery (LVL) 904 –
TOTAL ESTIMATED REVENUE 55,364 5,804
ESTIMATED CURRENT EXPENDITURES
Regional Development 288
City Hall 18,076
Water 37,000
Capital Projects – General Government 5,804
TOTAL ESTIMATED EXPENDITURES 55,364 5,804
MUNICIPALITY OF TOWN OF WOMELSDORFF
(COALTON), 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 2,568,780 25.00 6,422
Personal Property 86,988 217
TOTAL CLASS II 2,655,768 6,639
CLASS IV
Real Estate 825,600 50.00 4,128
Personal Property 809,557 4,048
Public Utility 278,558 1,393
TOTAL CLASS IV 1,913,715 9,569
TOTAL VALUE &
PROJECTED REVENUE 4,569,483 16,208
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 810
Less Tax Discounts (use Total
Projected Revenue to calculate) 2.00% 308
Less Allowance for Tax Increment
Financing (if Applicable) 0
TOTAL PROJECTED PROPERTY TAX COLLECTION 15,090
Less Assessor Valuation Fund 2.00% 302
(Subtracted from regular current expense taxes levied only)
NET AMOUNT TO BE RAISED BY
LEVY PROPERTY TAXES 14,788
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF WOMELSDORFF (COALTON)
I, Carol Silvester, 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 28th day of March, 2022.
Carol Silvester
Recording Officer
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