FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF FOLLANSBEE, 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 155,783
Property Taxes-Current Expense 845,256
Gas & Oil Severance Tax 8,000
Excise Tax on Utilities 300,000
Business and Occupation Tax 700,000
Wine & Liquor Tax 45,000
Sales Tax 387,448
Fines, Fees & Court Costs 3,000
Parking Violations 500
Licenses 6,000
Building Permit Fees 25,000
IRP Fees (Interstate Registration Plan) 15,000
Parks & Recreation 69,000
Rents, Royalties and Concessions 2,400
Refuse Collection 350,000
Contributions from other Funds 70,000
Gaming Income 10,000
Interest Earned on Investments 135,756
Commissions 400
Accident Reports 1,000
Video Lottery (LVL) 43,000
Miscellaneous Revenues 500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $3,173,043
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Coal Severance Tax 12,000
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $12,000
General Fund Coal
Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 6,537 –
City Council 30,321 –
City Manager’s Office 79,780 –
City Clerk’s Office 39,332 –
Police Judge’s Office 4,426 –
City Attorney 9,199 –
Regional Development Authority 880 –
Building Inspection 57,366 –
Elections 8,600 –
City Hall 438,781 –
Contingencies 25,000 –
Police Department 740,450 –
Fire Department 161,446 –
Streets and Highways 850,899 –
Garbage Department 423,588 –
Parks * Recreation 195,000 –
Fair Associations/Festivals 70,000 –
Library 26,438 –
Beautification Programs 5,000 12,000
TOTAL ESTIMATED EXPENDITURES $3,173,043 12,000
MUNICIPALITY OF FOLLANSBEE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
Certification of Valuation Levy Taxes
Assessed Value for Rate/$100 Levied
Tax Purposes
CLASS I
Personal Property 0 12.50 0
Public Utility 0 0
Total Class I 0 0
CLASS II
Real Estate $47,221,350 25.00 $118,053
Personal Property 0 0
Total Class II $47,221,350 $118,053
CLASS IV
Real Estate $42,082,440 50.00 $210,412
Personal Property 115,167,452 575,837
Public Utility 3,954,059 19,770
Total Class IV $161,203,951 $806,019
Total Value & Projected
Revenue $208,425,301 $924,072
Less Delinquiencies, Exonerations
& Uncollectable Taxes 5.00% 46,204
Less Tax Discounts (use Total Projected
Revenue to calculate) 2.00% 17,557
Less Allowance for Tax Increment
Financing (if Applicable) 0
Total Projected Property
Tax Collection $860,311
Less Assessor Valuation Fund 1.75% 15,055
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy
of Property Taxes $845,256
STATE OF WEST VIRGINIA,
CITY OF FOLLANSBEE
I, DAVE KURCINA, 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 15th day of March, 2024
DAVE KURCINA
City Clerk
WDT Mar. 29, Apr. 5, 2024