FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF VALLEY GROVE, WEST VIRGINIA
In accordance with Code Section 11-8-14, as amended, the Council proceeded to make an estimate of the amount 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 189,474
Property Taxes – Current Expenses 25,872
Gas & Oil Severance Tax 9,000
Excise Tax on Utilities 20,000
Business and Occupation Tax 30,000
Fines, Fees & Court Costs 200
Building Permit Fees 150
IRP Fees (Interstate Registration Plan) 5,000
Parks and Recreation 5,000
Rents, Royalties, and Concessions 10,000
Gaming Income 11,500
Interest Earned on Investments 200
Video Lottery (LVL) 6,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $322,396
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $300
Coal Severance Tax 900
Refunds –
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $1,200
General Coal Severance
ESTIMATED CURRENT Fund Fund EXPENDITURES
Economic Development $ – $ –
Mayor’s Office 10,800
City Council 6,000
Recorder’s Office 4,000
Treasurer’s Office 4,000 –
Police Judge’s Office 500 –
City Attorney 1,000 –
Custodial 10,000 –
Regional Development Authority 250 – City Hall 105,000 1,200
Parking 2,000
Contingencies 30,346 –
Police Department 20,000 –
Street and Highways 5,000 –
Playgrounds 1,500
Capital Projects -General Government 69,000
Capital Projects -Public Safety 25,000
Capital Projects – Street and Transportation – –
Capital Projects – Health and Sanitation – –
Capital Projects – Culture and Recreation 25,000 –
Capital Projects – Social Services – –
TOTAL ESTIMATED EXPENDITURES $322,396 $1,200
MUNICIPALTY OF VALLEY GROVE, WEST VIRGINIA
REGULAR CURRENT EXPENSE LEVY
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
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 $3,090,380 25.00 $7,726
Personal Property 11,562 29
Total Class II $ 3,101,942 $7,755
CLASS IV
Real Estate $1,418,960 50.00 $7,095
Personal Property 1,855,252 9,276
Public Utility 846,295 4,231
Total Class IV $4,120,507 $20,602
TOTAL VALUE & PROJECTED REVENUE $7,222,449 $28,357
Less Delinquencies, Exonerations, &
Uncollectible Taxes 5.00% 1,418
Less Tax Discounts
(use Total Projected Revenue to calculate) 2.00% 539
Less Allowance for Tax Increment Financing
(If applicable) 0
Total Projected Property Tax Collection $26,400
Less Assessor Valuation Fund 2.00% 528
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $25,872
STATE OF WEST VIRGINIA
COUNTY OF OHIO
MUNICIPALITY OF VALLEY GROVE
I, Mary D. Philabaum, 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 municipal on the 18 day of March, 2024
Mary D. Philabaum,
Recorder/Treasurer
Int. & NR March 28, April 4, 2024