FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF BEVERLY, 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 26,760
Property Taxes – Current Expense 57,383
Gas & Oil Severance Tax 6,500
Excise Tax on Utilities 2,500
Animal Control Tax 50
Hotel Occupancy Tax 1,500
Fines, Fees & Court Costs 180,000
Licenses 1,800
Building Permit Fees 2,000
Miscellaneous Permits 30
Franchise Fees 10,000
IRP Fees (Interstate Registration Plan) 15,000
Rents, Royalties, and Concessions 7,200
State Government Grants 10,000
Other Grants 600
Payroll Reimbursements 10,000
Gaming Income 10,000
Interest Earned on Investments 275
Filing Fees 100
Video Lottery (LVL) 2,500
Miscellaneous Revenues (provide
details on ‘Explanations’ tab) 2,250
TOTAL ESTIMATED REVENUE (GENERAL FUND) $346,448
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $2,400
Coal Severance Tax 2,600
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $5,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 5,000 –
City Council 10,000 –
Recorder’s Office 2,000 –
City Clerk’s Office 26,000 –
Police Judge’s Office 100 –
City Attorney 5,000 –
City Auditor 8,000 –
Enforcement Agency 7,500 –
Rehabilitation of Property 1,000 –
Custodial 1,000 –
Regional Development Authority 1,000 –
Building Inspection 3,000 –
Planning & Zoning 500 –
Elections 500 –
City Hall 50,000 –
Contributions / Transfers to Other Funds 2,000 –
Public Grounds 12,000 –
Contingencies 20,848 –
Police Department 170,000 –
Street Lights 5,000 4,000
Signs and Signals 1,000 –
Snow Removal 1,000 1,000
Street Cleaning 1,000 –
Sidewalks 1,000 –
Storm Sewer 1,000 –
Parks & Recreation 1,000 –
Visitors Bureau 1,000 –
Fair Associations/Festivals 7,000 –
Historical Commission 500 –
Beautification Programs 500 –
Capital Projects – General Government 1,000 –
TOTAL ESTIMATED EXPENDITURES $346,448 $5,000
MUNICIPALITY OF BEVERLY, 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 9.15 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $9,228,790 18.30 $16,889
Personal Property 56,472 103
Total Class II $9,285,262 $16,992
CLASS IV
Real Estate $5,864,020 36.60 $21,462
Personal Property 5,761,980 21,089
Public Utility 915,637 3,351
Total Class IV $12,541,637 $45,902
Total Value & Projected Revenue $21,826,899 $62,894
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 3,145
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,195
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $58,555
Less Assessor Valuation Fund 2.00% 1,171
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $57,384
STATE OF WEST VIRGINIA
COUNTY OF Randolph
MUNICIPALITY OF BEVERLY
I, Sheila Scott Strahin, 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 18th day of March, 2024.
Sheila Scott Strahin
Recorder
4/4, 4/10
Recorder
(Official Title of Recording Officer)
