FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MONTROSE, 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 122,137
Property Taxes – Current Expense 11,636
Tax Loss Restoration 150
Gas & Oil Severance Tax 1,500
Excise Tax on Utilities 2,200
Franchise Fees 1,500
IRP Fees (Interstate Registration Plan) 10,000
Contributions from Other Entities 20,200
Gaming Income 12,000
Refunds 20
Video Lottery (LVL) 600
TOTAL ESTIMATED REVENUE (GENERAL FUND) $181,943
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $1,890
Coal Severance Tax 650
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $2,540
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Recorder’s Office 15,000 –
Rehabilitation of Property 10,000 –
Custodial 1,650 –
Regional Development Authority 179 –
Elections 2,000 –
City Hall 15,000 –
Other buildings 6,514 –
Parking 5,000 –
Contingencies 18,000 –
Fire Department 500 –
Street Lights 2,500 –
Signs and Signals 5,000 –
Snow Removal 600 –
Parks & Recreation 3,000 –
Fair Associations/Festivals 1,500 –
Youth Program 1,500 –
Playgrounds 85,000 2,540
4-H Camp 500 –
Rails to Trails 500 –
Beautification Programs 5,000 –
Cemeteries 1,000 –
Social Services 1,000 –
Human Resources1,000-
TOTAL ESTIMATED EXPENDITURES $181,943 $2,540
MUNICIPALITY OF MONTROSE, 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 $2,353,150 25.00 $5,883
Personal Property 153,556 384
Total Class II $2,506,706 $6,267
CLASS IV
Real Estate $383,450 50.00 $1,917
Personal Property 542,401 2,712
Public Utility 426,175 2,131
Total Class IV $1,352,026 $6,760
Total Value & Projected Revenue $3,858,732 $13,027
Less Delinquencies, Exonerations & Uncollectable Taxes 7.00% 912
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 242
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $11,873
Less Assessor Valuation Fund 2.00% 237
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $11,636
STATE OF WEST VIRGINIA
COUNTY OF Randolph
MUNICIPALITY OF MONTROSE
I, Sharon Bedford, 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 28th day of March, 2024.
Sharon Bedford
Recorder
4/5, 4/12