FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF ELKINS, 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 270,054
Property Taxes – Current Expense 1,090,907
Prior Year Taxes 1,000
Supplemental Taxes 1,000
Tax Loss Restoration 1,000
Tax Penalties, Interest & Publication Fees 500
Gas & Oil Severance Tax 12,000
Excise Tax on Utilities 357,000
Business and Occupation Tax 1,305,000
Wine & Liquor Tax 95,000
Animal Control Tax 1,500
Hotel Occupancy Tax 160,100
Sales Tax 1,400,000
Fines, Fees & Court Costs 59,500
Parking Violations 9,100
Regional Jail Operations
Partial Reimbursement 800
Licenses 29,000
Building Permit Fees 30,000
Miscellaneous Permits 200
Franchise Fees 80,000
IRP Fees (Interstate Registration Plan) 54,000
Municipal Service Fees 1,000
Off Street Parking 9,300
Rents, Royalties, and Concessions 26,500
Charges to Other Funds 291,403
Payment in Lieu of Taxes 18,100
Gaming Income 11,000
Interest Earned on Investments 2,000
Reimbursements (Explain type
of funds & amounts being
transferred, “Expenditures” tab 8,000
Cell Reference A662 : D666)
Refunds 6,000
Filing Fees 500
Accident Reports 2,000
Recycling Program 4,260
Video Lottery (LVL) 23,000
Miscellaneous Revenues 20,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $5,380,724
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $144,660
Coal Severance Tax 15,000
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $159,660
Coal
General Severance
Fund Fund
ESTIMATED CURRENT
EXPENDITURES
Mayor’s Office 28,154 –
City Council 91,474 –
Treasurer’s Office 325,940 –
City Clerk’s Office 202,122 –
Police Judge’s Office 148,306 –
Main Street Program 20,000 –
Contributions to Comms/Authorities 44,750 –
Custodial 126,100 –
Regional Development Authority 8,158 –
Building Inspection 102,100 –
Planning & Zoning 400 –
Elections 14,300 –
City Hall 473,000 159,660
Public Works Department 195,050 –
Parking 500 –
Police Department 1,409,810 –
Police-Special Duty 81,669 –
Dog Warden/Humane Society 7,000 –
Flood Control/ Soil Conservation 50,000 –
Streets and Highways 1,163,930 –
Signs and Signals 25,000 –
Snow Removal 25,000 –
Central Garage 173,700 –
Sidewalks 25,000 –
Airports 19,000 –
Public Transit 14,000 –
Recycling Center 7,000 –
Local Health Department 4,000 –
Parks & Recreation 305,796 –
Visitors Bureau 80,050 –
Civic Center – Municipal Auditorium 135,700 –
Historical Commission 4,000 –
Civic Promotions 6,800 –
Library 22,500 –
Beautification Programs 40,415 –
TOTAL ESTIMATED
EXPENDITURES $5,380,724 $159,660
MUNICIPALITY OF ELKINS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
Certificate of
Valuation
Assessed Value Levy Taxes
for Tax Rate/$100 Levied
Purposes
CLASS I
Personal Property $0 12.50 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $120,997,620 25.00 $302,494
Personal Property 243,402 609
Total Class II $121,241,022 $303,103
CLASS IV
Real Estate $106,889,330 50.00 $534,447
Personal Property 56,785,153 283,926
Public Utility 14,839,214 74,196
Total Class IV $178,513,697 $892,568
Total Value & Projected Revenue $299,754,719 $1,195,671
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 59,784
Less Tax Discounts (use Total
Projected Revenue to calculate) 2.00% 22,718
Less Allowance for Tax Increment
Financing (if Applicable) 0
Total Projected Property Tax Collection $1,113,170
Less Assessor Valuation Fund 2.00% 22,263
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $1,090,907
State of West Virginia
COUNTY OF RANDOLPH
MUNICIPALITY OF ELKINS
I, Jessica Sutton, 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 22nd day of March, 2022
Jessica Sutton
Signature
City Clerk
Official Title of Recording Officer
3-29, 4-5