FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
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 25,000
Property Taxes – Current Expense 19,720
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 8,640
Civic Center / Coliseum 250
Transfers from Rainy Day Fund 25,000
Gaming Income 11,500
Video Lottery (LVL) 750
TOTAL ESTIMATED REVENUE (GENERAL FUND) $131,085
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $200
Coal Severance Tax 800
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $1,000
General Coal
Fund Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 1,620 –
City Council 6,000 –
Treasurer’s Office 10,000 –
City Clerk’s Office 3,000 –
Housing Authority 50 –
Regional Development Authority 200 –
City Hall 69,315 1,000
Streets and Highways 5,000 –
Street Lights 2,400 –
Snow Removal 1,500 –
Storm Sewer 4,000 –
Water & Sewer 1,000 –
Parks & Recreation 2,500 –
Community Center 20,000 –
Playgrounds 2,500 –
Library 1,000 –
Aging Program (Senior Citizens) 1,000 –
TOTAL ESTIMATED EXPENDITURES $131,085 $1,000
MUNICIPALITY OF HUTTONSVILLE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $0 12.47 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $2,838,790 24.94 $7,080
Personal Property 147,630 368
Total Class II $2,986,420 $7,448
CLASS IV
Real Estate $1,083,760 49.88 $5,406
Personal Property 917,204 4,575
Public Utility 838,943 4,185
Total Class IV $2,839,907 $14,166
Total Value & Projected Revenue $5,826,327 $ 21,614
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 1,081
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 411
Less Allowance for Tax Increment Financing (if Applicable) 0 0
Total Projected Property Tax Collection $20,122
Less Assessor Valuation Fund 2.00% 402
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $19,720
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 14 day of March, 2023.
REUBEN CURRENCE
(Signature)
MAYOR
(Official Title of Recording Officer)
3/22, 3/29