FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
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 384,359
Property Taxes – Current Expense 1,185,138
Prior Year Taxes 1,000
Supplemental Taxes 1,000
Tax Loss Restoration 900
Tax Penalties, Interest & Publication Fees 200
Gas & Oil Severance Tax 25,000
Excise Tax on Utilities 370,000
Business and Occupation Tax 1,410,000
Wine & Liquor Tax 92,000
Animal Control Tax 1,500
Hotel Occupancy Tax 195,000
Sales Tax 1,400,000
Fines, Fees & Court Costs 76,700
Parking Violations 7,500
Regional Jail Operations Partial Reimbursement 800
Licenses 29,000
Building Permit Fees 25,000
Miscellaneous Permits 200
Franchise Fees 80,000
IRP Fees (Interstate Registration Plan) 60,000
Municipal Service Fees 1,000
Off Street Parking 8,500
Rents, Royalties, and Concessions 38,000
Charges for Services 4,000
Charges to Other Funds 155,471
Payment in Lieu of Taxes 16,000
Gaming Income 11,000
Interest Earned on Investments 25,000
Rembursements 20,000
Refunds 7,000
Accident Reports 1,500
Recycling Program 4,260
Video Lottery (LVL) 25,000
Miscellaneous Revenues 10,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $5,672,028
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $150,000
Coal Severance Tax 25,000
Interest Earned on Investment 2,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $177,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 30,230 –
City Council 87,087 –
Treasurer’s Office 325,700 –
City Clerk’s Office 194,323 –
Police Judge’s Office 129,115 –
City Attorney 90,000 –
City Auditor 25,000 –
Main Street Program 19,250 –
Contributions to Comms/Authorities 38,200 –
Custodial 141,700 –
Regional Development Authority 8,000 –
Building Inspection 127,650 –
City Hall 453,200 177,000
Other buildings 25,970 –
Public Works Department 197,500 –
Police Department 1,461,892 –
Police-Special Duty 83,307 –
Dog Warden/Humane Society 7,000 –
Flood Control/ Soil Conservation 50,000 –
Streets and Highways 1,071,363 –
Street Lights 104,500 –
Signs and Signals 27,526 –
Snow Removal 25,000 –
Central Garage 173,700 –
Airports 18,250 –
Public Transit 14,000 –
Recycling Center 3,000 –
Local Health Department 4,500 –
Storm Sewer 10,000 –
Parks & Recreation 305,796 –
Visitors Bureau 97,500 –
Civic Center – Municipal Auditorium 127,250 –
Historical Commission 4,000 –
Civic Promotions 6,934 –
Library 22,500 –
Beautification Programs 50,000 –
Human Resources 111,085 –
TOTAL ESTIMATED EXPENDITURES $5,672,028 $177,000
MUNICIPALITY OF ELKINS, 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 12.50 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $128,739,390 25.00 $321,848
Personal Property 254,238 636
Total Class II $128,993,628 $322,484
CLASS IV
Real Estate $110,071,950 50.00 $550,360
Personal Property 68,095,415 340,477
Public Utility 17,126,116 85,631
Total Class IV $195,293,481 $976,468
Total Value & Projected Revenue $324,287,109 $1,298,952
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 64,948
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 24,680
Less Allowance for Tax Increment Financing (if Applicable)
Total Projected Property Tax Collection $1,209,324
Less Assessor Valuation Fund 2.00% 24,186
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $1,185,138
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF ELKINS
I, Sutton Stokes, 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 16th day of March, 2023.
Sutton Stokes
(Signature)
City Clerk
(Official Title of Recording Officer)
3/23, 3/30