FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF CHESTER, 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 400,000
Property Taxes – Current Expense 233,158
Gas & Oil Severance Tax 8,000
Excise Tax on Utilities 98,000
Business and Occupation Tax 318,000
Wine & Liquor Tax 35,000
Sales Tax 335,000
Licenses 11,000
Building Permit Fees 800
Franchise Fees 38,000
IRP Fees (Interstate Registration Plan) 9,000
Private Liquor Club Fee 10,000
Municipal Service Fees 146,000
Contributions from other Funds 12,000
Gaming Income 27,000
Interest Earned on Investments 100
Reimbursements 5,000
Refunds 2,500
Accident Reports 500
Video Lottery (LVL) 424,000
TOTAL ESTIMATED
REVENUE (GENERAL FUND) $ 2,113,058
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $2,000
Coal Severance Tax 9,000
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 11,000
ESTIMATED CURRENT EXPENDITURES
General Coal Severance
Fund Fund
Mayor’s Office 6,000
City Council 20,000
City Clerk’s Office 155,000
Police Judge’s Office 20,000
City Attorney 20,000
Rehabilitation of Property 150,000
Custodial 46,532
Regional Development Authority 4,000
City Hall 250,000
Transfers/ Reimbursements 30,000
Contingencies 210,000 1,000
Police Department 645,000
Police-Special Duty 7,500
Fire Department 37,000
Streets and Highways 512,026
Parks & Recreation 5,000
Library 5,000
TOTAL ESTIMATED
EXPENDITURES $ 2,113,058 $11,000
MUNICIPALITY OF CHESTER, 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 $ 26,896,350 25.00 $ 67,241
Personal Property 0 0
Total Class II $ 26,896,350 $ 67,241
CLASS IV
Real Estate $ 20,273,930 50.00 $101,370
Personal Property 12,531,616 62,658
Public Utility 4,855,743 24,279
Total Class IV $ 37,661,289 $188,307
Total Value & Projected Revenue $ 64,557,639 $255,548
Less Delinquencies, Exonerations
& Uncollectable Taxes 5.00% 12,777
Less Tax Discounts (use Total
Projected Revenue to calculate) 2.00% 4,855
Less Allowance for Tax
Increment Financing (if Applicable) 0
Total Projected Property
Tax Collection $ 237,916
Less Assessor Valuation Fund
(Subtracted from regular
current expense taxes levied only) 2.00% 4,758
Net Amount to be Raised
by Levy of Property Taxes $ 233,158
STATE OF WEST VIRGINIA
COUNTY OF Hancock
MUNICIPALITY OF CHESTER
I, Tara Ayers, 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.
Tara Ayers
(Official Title of Recording Officer)