FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF ELKINS, 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 511,595
Property Taxes – Current Expense 1,248,359
Gas & Oil Severance Tax 25,000
Excise Tax on Utilities 426,000
Business and Occupation Tax 1,805,000
Wine & Liquor Tax 86,000
Animal Control Tax 1,600
Hotel Occupancy Tax 260,500
Sales Tax 1,500,000
Fines, Fees & Court Costs 33,200
Parking Violations 4,900
Regional Jail Operations Partial Reimbursement 800
Licenses 29,000
Building Permit Fees 30,000
Miscellaneous Permits 400
Licenses 65,000
Building Permit Fees 65,000
Miscellaneous Permits 2,500
Franchise Fees 57,000
IRP Fees (Interstate Registration Plan) 3,800
Municipal Service Fees 201,898
Rents, Royalties, and Concessions 21,000
Refuse Collection 10,500
Charges to Other Funds 85,000
Payment in Lieu of Taxes 40,000
Gaming Income 11,000
Interest Earned on Investments 2,000
Reimbursements 4,260
Refunds 11,000
Accident Reports 2,000
Recycling Program 4,260
Video Lottery (LVL) 24,000
Miscellaneous Revenues (provide details on ‘Explanations’ tab) 36,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $6,591,312
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $75,000
Coal Severance Tax 25,000
Interest Earned on Investment 5,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $105,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 35,730 –
City Council 98,000 –
Treasurer’s Office 325,700 –
City Clerk’s Office 251,700 –
Police Judge’s Office 114,400 –
City Attorney 95,000 –
City Auditor 25,000 –
Main Street Program 54,700 –
Contributions to Comms/Authorities 158,793 –
Custodial 7,974 –
Regional Development Authority 87,572 –
Building Inspection 11,000 –
Planning & Zoning 700,350 –
Elections 173,475 –
City Hall 1,804,169 105,000
Public Works Department 90,087 –
Police Department 10,000 –
Police-Special Duty 50,000 –
Dog Warden/Humane Society 47,000 –
Ambulance Authority 1,248,351 –
Flood Control/ Soil Conservation 120,000 –
Streets and Highways 21,000 –
Street Lights 25,000 –
Signs and Signals 172,831 –
Snow Removal 15,000 –
Central Garage 15,000 –
Airports 4,500 –
Public Transit 5,500 –
Recycling Center 20,000 –
Local Health Department 305,796 –
Storm Sewer 130,250 –
Parks & Recreation 124,600 –
Visitors Bureau 4,000 –
Civic Center – Municipal Auditorium 6,934 –
Historical Commission 22,500 –
Civic Promotions 42,000 –
Library 22,500 –
Beautification Programs 42,000 –
Human Resources 1 67,400 –
TOTAL ESTIMATED EXPENDITURES $6,591,312 $105,000
MUNICIPALITY OF ELKINS, 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 $149,596,350 25.00 $373,991
Personal Property 788,064 1,970
Total Class II $150,384,414 $375,961
CLASS IV
Real Estate $120,094,570 50.00 $600,473
Personal Property 68,214,436 341,072
Public Utility 18,443,645 92,218
Total Class IV $206,752,651 $1,033,763
Total Value & Projected Revenue $357,137,065 $1,409,724
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 70,486
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 26,785
Less Allowance for Tax Increment Financing (if Applicable) 38,617
Total Projected Property Tax Collection $1,273,836
Less Assessor Valuation Fund 2.00% 25,477
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $1,248,359
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF ELKINS
Sutton Stokes, Recording Officer of said municipality, do hereby ceritfy 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, 2025.
Sutton Stokes
City Clerk
Official Title of Recording Officer
Elk-4-2 & 4-9