FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
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 23,915 1,050
Coal Severance Tax 739
Property Taxes – Current Expense 16,814
Tax Loss Restoration 5
Gas & Oil Severance Tax 349
Excise Tax on Utilities 2,126
Building Permit Fees 32
IRP Fees (Interstate Registration Plan) 9,750
Gaming Income 11,604
Video Lottery (LVL) 936
TOTAL ESTIMATED REVENUE 65,531 1,789
ESTIMATED CURRENT EXPENDITURES
Regional Development 288
City Hall 20,743
Sidewalks 1,789
Water 14,500
Capital Projects – General Government 30,000
TOTAL ESTIMATED EXPENDITURES 65,531 1,789
MUNICIPALITY OF TOWN OF WOLMELSDORFF (COALTON), 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 12.17 0
Public Utility 0 0
TOTAL CLASS I 0 0
CLASS II
Real Estate 2,903,320 24.34 7,067
Personal Property 89,700 218
TOTAL CLASS II 2,993,020 7,285
CLASS IV
Real Estate 928,980 48.68 4,522
Personal Property 914,579 4,452
Public Utility 445,465 2,169
TOTAL CLASS IV 2,289,024 11,143
TOTAL VALUE & PROJECTED REVENUE 5,282,044 18,428
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 921
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 350
Less Allowance for Tax Increment Financing (if Applicable) 0
TOTAL PROJECTED PROPERTY TAX COLLECTION 17,157
Less Assessor Valuation Fund 2.00% 343
(Subtracted from regular current expense taxes levied only)
NET AMOUNT TO BE RAISED BY LEVY PROPERTY TAXES 16,814
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 17th day of March, 2023.
Carol Silvester
Recording Officer
3/25, 4/1