FISCAL YEAR JULY 1, 2023- JUNE 30, 2024
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF TRIADELPHIA, 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 595,000
Property Taxes – Current Expense 93,440
Gas & Oil Severance Tax 5,000
Excise Tax on Utilities 50,000
Business and Occupation Tax 250,000
Animal Control Tax 200
Fines, Fees and Court Costs 5,000
Licenses 4,000
Building Permit Fees 2,000
Franchise Fees 25,000
IRP Fees (Interstate Registration Plan) 85,000
Rents, Royalties, and Concessions 18,000
Fire Protection Fees 3,000
Transfers from Rainy Day Fund 27,896
Gaming Income 16,000
Interest Earned on Investments 2,650
Video Lottery (LVL) 13,000
Miscellaneous Revenues 50,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $1,245,186
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $15,000
Coal Severance Tax 3,500
Interest Earned on Investment 10
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $18,510
General Coal Severance
ESTIMATED CURRENT Fund Fund
EXPENDITURES
Mayor’s Office 3,580 –
City Council 4,525 –
Recorder’s Office 4,191 –
Treasurer’s Office 2,155 –
City Clerk’s Office 87,530 2,100
Police Judge’s Office 600 –
City Attorney 11,000 –
Regional Development Authority 400 –
Elections 4,000 –
City Hall 141,639 –
Police Department 109,594 –
Fire Department 1,300 –
Streets & Highways 235,185 –
Street Lights 14,500 –
Capital Projects – – –
General Government 24,000 –
Capital Projects – Public Safety 20,000 –
Capital Projects –
Street and Transportation 577,987 16,410
Capital Projects – Culture
& Recreation $3,000
–
TOTAL ESTIMATED
EXPENDITURES $1,245,186 $18,510
MUNICIPALITY OF TRIADELPHIA, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
Certificate of Valuation
Assessed Value for Levy Taxes 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 $6,110,180 25.00 $15,275
Personal Property 182,034 455
Total Class II $6,292,214 $15,730
CLASS IV
Real Estate $8,814,200 50.00 $44,071
Personal Property 6,745,159 33,726
Public Utility 1,777,335 8,887
Total Class IV $17,336,694 $86,684
TOTAL VALUE &
PROJECTED REVENUE $23,628,908 $102,414
Less Delinquencies, Exonerations, &
Uncollectable Taxes 5.00% 5,121
Less Tax Discounts
(use Total Projected Revenue to calculate) 2.00% 1,946
Less Allowance for Tax Increment Financing
(if Applicable) 0
Total Projected Property
Tax Collection $95,347
Less Assessor Valuation Fund 2.00% 1,907
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $93,440
STATE OF WEST VIRGINIA
COUNTY OF OHIO
MUNICIPALITY OF TRIADELPHIA
I, Neal Carr, 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, 2023.
Neal K. Carr
Recorder
Int.& N.R April 3, 10, 2023