FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
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 18,923 1,439
Coal Severance Tax 416
Property Taxes – Current Expense 16,541
Tax Loss Restoration 198
Gas & Oil Severance Tax 1,099
Excise Tax on Utilities 1,311
Building Permit Fees 33
IRP Fees (Interstate Registration Plan) 9,842
Gaming Income 11,267
Video Lottery (LVL) 905
TOTAL ESTIMATED REVENUE 60,119 1,855
ESTIMATED CURRENT EXPENDITURES
Regional Development Authority 150
City Hall 31,000 1,855
Street Lights 969
Contributions/Transfers to Other Funds 18,000
Capital Projects – General Government 10,000
TOTAL ESTIMATED EXPENDITURES 60,119 1,855
MUNICIPALITY OF TOWN OF WOLMELSDORFF (COALTON),
WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
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 2,906,540 25.00 7,266
Personal Property 92,118 230
TOTAL CLASS II 2,998,658 7,496
CLASS IV
Real Estate 959,280 50.00 4,796
Personal Property 927,626 4,638
Public Utility 239,812 1,199
TOTAL CLASS IV 2,126,718 10,633
TOTAL VALUE &
PROJECTED REVENUE 5,125,376 18,129
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 906
Less Tax Discounts (use Total Projected
Revenue to calculate) 2.00% 344
Less Allowance for Tax Increment Financing (if Applicable) 0
TOTAL PROJECTED PROPERTY TAX COLLECTION 16,879
Less Assessor Valuation Fund 2.00% 338
(Subtracted from regular current expense taxes levied only)
NET AMOUNT TO BE RAISED BY LEVY PROPERTY TAXES 16,541
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 14th day of March, 2024.
Carol Silvester
Recording Officer
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