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 550,000
Property Taxes – Current Expense 96,604
Gas & Oil Severance Tax 12,000
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 15,000
IRP Fees (Interstate Registration Plan) 85,000
Rents, Royalties, and Concessions 30,000
Fire Protection Fees 3,000
Transfers from Rainy Day Fund 27,790
Gaming Income 16,000
Interest Earned on Investments 7,000
Video Lottery (LVL) 13,000
Miscellaneous Revenues 5,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $1,171,594
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $17,650
Coal Severance Tax 3,500
Interest Earned on Investment 122
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $21,272
General Coal Severance
Fund Fund
ESTIMATED CURRENT
EXPENDITURES
Mayor’s Office 5,167 –
City Council 9,689 –
Recorder’s Office 6,021 –
Treasurer’s Office 3,875 –
City Clerk’s Office 93,697 2,100
Police Judge’s Office 600 –
City Attorney 11,000 –
Regional Development Authority 400 –
City Hall 141,639 –
Police Department 123,594 –
Fire Hydrants 1,300 –
Streets & Highways 235,185 –
Streets Lights 14,500 –
Parks & Recreation 3,000 –
Capital Projects
General Government 24,000 –
Capital Projects – Public Safety 20,000
Capital Projects –
Street and Transportation 477,927 19,172
TOTAL ESTIMATED
EXPENDITURES $1,171,594 $21,272
MUNICIPALITY OF TRIADELPHIA, 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 $6,158,080 25.00 $15,395
Personal Property 168,384 421
Total Class II $6,326,464 $15,816
CLASS IV
Real Estate $9,665,080 50.00 $48,325
Personal Property 6,249,188 31,346
Public Utility 2,098,910 10,495
Total Class IV $18,013,178 $90,066
TOTAL VALUE &
PROJECTED REVENUE $24,339,642 $105,882
Less Delinquencies, Exonerations, &
Uncollectable Taxes 5.00% 5,294
Less Tax Discounts
(use Total Projected Revenue to calculate) 2.00% 2,012
Less Allowance for Tax Increment Financing
(if Applicable) 0
Total Projected Property
Tax Collection $98,576
Less Assessor Valuation Fund 2.00% 1,972
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $96,604
STATE OF WEST VIRGINIA
COUNTY OF OHIO
MUNICIPALITY OF TRIADELPHIA
I, Mary Ann Hess, 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 20th day of March, 2024.
Mary Ann Hess
Recorder
Int.& N.R Mar 29, Apr 5, 2024