FISCAL YEAR JULY 1, 2026 – JUNE 30, 2027
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF VALLEY GROVE, WEST VIRGINIA
In accordance with Code Section 11-8-14, as amended, the Council proceeded to make an estimate of the amount 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 222,372
Property Taxes – Current Expenses 27,945
Gas & Oil Severance Tax 10,000
Excise Tax on Utilities 20,000
Business and Occupation Tax 45,000
Fines, Fees & Court Costs 200
Building Permit Fees 150
IRP Fees (Interstate Registration Plan) 22,000
Parks and Recreation 6,500
Rents, Royalties, and Concessions 4,000
Gaming Income 11,000
Interest Earned on Investments 200
Video Lottery (LVL) 6,000
Miscellaneous Revenues (provide details on
Explanations tab) –
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $375,367
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance (Coal Fund only) $300
Coal Severance Tax 900
Refunds –
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $1,200
General Coal Severance
ESTIMATED CURRENT Fund Fund EXPENDITURES
Economic Development $ – $ –
Mayor’s Office 10,800
City Council 3,600
Recorder’s Office 4,000
Treasurer’s Office 4,000 –
City Auditor 2,000 –
Custodial 11,000 –
Regional Development Authority 250 –
City Hall 180,687 1,200
Contingencies 37,530 –
Police Department 11,000 –
Street Lights 6,000 –
Parks & Recreation 3,000 –
Playgrounds 1,500
Capital Projects -General Government 50,000
Capital Projects -Public Safety 25,000
Capital Projects – Culture and Recreation 25,000 –
Capital Projects – Social Services – –
TOTAL ESTIMATED EXPENDITURES $375,367 $1,200
MUNICIPALTY OF VALLEY GROVE, WEST VIRGINIA
REGULAR CURRENT EXPENSE LEVY
FISCAL YEAR JULY 1, 2026 – JUNE 30, 2027
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 $3,169,610 25.00 $7,924
Personal Property 7,902 20
Total Class II $3,177,512 $7,944
CLASS IV
Real Estate $1,647,960 50.00 $8,240
Personal Property 1,811,844 9,059
Public Utility 1,076,979 5,385
Total Class IV $4,536,783 $22,684
TOTAL VALUE &
PROJECTED REVENUE $7,714,295 $30,628
Less Delinquencies, Exonerations, &
Uncollectible Taxes 5.00% 1,531
Less Tax Discounts
(use Total Projected Revenue to calculate) 2.00% 582
Less Allowance for Tax Increment Financing
(If applicable) 0
Total Projected Property Tax Collection $28, 515
Less Assessor Valuation Fund 2.00% 570
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $27,945
STATE OF WEST VIRGINIA
COUNTY OF OHIO
MUNICIPALITY OF VALLEY GROVE
I, Mary D. Philabaum, 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 municipal on the 23rd day of March, 2026
Mary D. Philabaum,
Recorder/Treasurer
INTEL & NR Mar. 30, Apr. 6, 2026