FISCAL YEAR JULY 1, 2022- JUNE 30, 2023
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF BENWOOD
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
Restricted fund Balance 3,231,401
Unassigned Fund Balance 2,157,772
Property Taxes – Current Expense 359,237
Property Taxes – Excess Levy 140,314
Gas & Oil Severance Tax 2,300 Excise Tax on Utilities 71,000
Business and Occupation Tax 700,000
Wine and Liquor Tax 30,000
Animal Control Tax 125
Fines, Fees and Court Costs 70,000
Licenses 11,000
Building Permit Fees 1,500
Franchise Fees 70,000
IRP Fees (Interstate Registration Plan) 20,000
Employee Health Insurance Premium Charges 12,500
Rents, Royalties, and Concessions 201,500
State Government Grants 10,000
Payment in Lieu of Taxes 22,000
Transfers from Rainy Day Fund 11,000
Gaming Income 6,400
Interest Earned on Investments 500
Reimbursements (Explain type of funds &
amounts being transfered 10,500
Refunds 5,000
Accident Reports 200
Video Lottery (LVL) 11,500
Miscellaneous Revenues 2,500
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $7,087,749
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $66,111
Coal Severance Tax 3,342
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $69,453
ESTIMATED CURRENT EXPENDITURES
General Fund Coal Severance Fund
Mayor’s Office 4,706 –
City Council 10,524 –
Treasurer’s Office 84,802 –
Police Judge’s Office 8,055 –
City Attorney 5,664 –
Custodial 3,641
Regional Development Authority 529 –
Building Inspection 1,800 –
Planning & Zoning 300
Elections 4,000
City Hall 1,616,106 –
Police Department 773,218 –
Fire Department 38,500 –
Dams & Dredging 750
Communication Center /
Central Dispatch 206,844
Flood Control / Soil Conservation 16,795
Local Law Enforcement Block Grant 10,000
Streets and Highways 446,108 –
Street Lights 23,700 –
Signs & Signals 3,300
Snow Removal 15,906
Central Garage 12,500
Street Cleaning 4,000
Public Transit 140,314 –
Landfill / Incinerator
Department 5,100
Storm Sewer 3,000
Parks & Recreation 165,100 –
Community Center 21,300
Playgrounds 14,000
Library 15,786
Beautification Programs 200,000 69,453
Capital Projects – General Government 3,231,401
TOTAL ESTIMATED EXPENDITURES $7,087,749 $69,453
MUNICIPALITY Of BENWOOD, WEST VIRGINIA
REGULAR CURRENT EXPENSE LEVY
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied for Tax Purposes
Class I
Personal Property 0 12.50 0
Public Utility 0 0
Total Class I 0 0
Class II
Real Estate $6,922,280 25.00 $17,306
Personal Property 0 0
Total Class II $6,922,280 $17,306
Class IV
Real Estate $21,710,500 50.00 $108,553
Personal Property 53,747,855 269,739
Public Utility 3,324,031 16,620
Total Class IV $78,782,386 $393,912
TOTAL VALUE AND
PROJECTED REVENUE $85,704,666 $411,218
Less Delinquencies, Exonerations,
& Uncollectable Taxes 5.00% 20,561
Less Tax Discounts (Use Total
Projected Revenue to calculate) 1.00% 3,907
Less Allowance for Tax Increment
Financing (if Applicable) 22,966
TOTAL PROJECTED PROPERTY
TAX COLLECTION $363,784
Less Assessor Valuation Fund 1.25% 4,547
(Subtracted from regular current
expense taxes levied only)
Net Amount to be Raised by
Levy of Property Taxes $ 359,237
MUNICIPALITY OF BETHLEHEM, WEST VIRGINIA
Excess Levy / Levies
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
for Tax Purposes
Class I
Personal Property 0 4.535 0
Public Utility 0 0
Total Class I 0 0
Class II
Real Estate $6,922,280 9.070 $6,279
Personal Property 0
Total Class II $6,922,280 $6,279
Class IV
Real Estate $21,710,500 18.140 $39,383
Personal Property 53,747,855 97,499
Public Utility 3,324,031 6,030
Total Class IV $78,782,386 $142,912
TOTAL VALUE AND
PROJECTED REVENUE $85,704,666 $149,191
Less Delinquencies, Exonerations,
& Uncollectable Taxes 5.00% 7,460
Less Tax Discounts 1.00% 1,417
(use Total Projected Revenue to calculate)
Net Amount to be Raised by Levy
For Budget Purposes: $140,314
STATE OF WEST VIRGINIA, COUNTY OF – MARSHALL
MUNICIPALITY OF – BENWOOD
I, Tiffany Ankrom, 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.
Tiffany Ankrom
Recorder
Int., March. 31, April 7, 2022