FISCAL YEAR JULY 1, 2026 – JUNE 30, 2027
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 686,183
Property Taxes – Current Expense 1,301,559
Prior Year Taxes 25,000
Supplemental Taxes 25,000
Tax Loss Restoration 1,000
Tax Penalties, Interest & Publication Fees 2,000
Gas & Oil Severance Tax 20,000
Excise Tax on Utilities 445,000
Business and Occupation Tax 2,005,000
Wine & Liquor Tax 88,000
Animal Control Tax 1,500
Hotel Occupancy Tax 325,000
Sales Tax 1,600,000
Fines, Fees & Court Costs 27,200
Parking Violations 9,800
Regional Jail Operations Partial Reimbursement 500
Licenses 30,000
Building Permit Fees 29,000
Miscellaneous Permits 1,000
Franchise Fees 62,000
IRP Fees (Interstate Registration Plan) 60,000
Municipal Service Fees 1,500
Off Street Parking 6,800
Rents, Royalties, and Concessions 55,825
Refuse Collection 3,000
Charges for Services 500
Charges to Other Funds 174,387
Payment in Lieu of Taxes 20,000
Gaming Income 10,000
Interest Earned on Investments 35,000
Reimbursements 20,000
Refunds 11,000
Filing Fees 300
Accident Reports 2,000
Recycling Program 4,500
Video Lottery (LVL) 25,000
Miscellaneous Revenues (provide details on ‘Explanations’ tab) 25,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $7,139,554
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $72,000
Coal Severance Tax 18,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $90,000
General Coal Severnce Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 120,080 –
City Council 100,910 –
Treasurer’s Office 345,200 –
City Clerk’s Office 278,510 –
Police Judge’s Office 116,450 –
City Attorney 75,000 –
City Auditor 26,000 – Contributions to Comms/Authorities 46,200 –
Custodial 185,000 –
Regional Development Authority 7,974 –
Building Inspection 90,600 –
Planning & Zoning 10,000
Elections 16,700
City Hall 588,200 90,000
Public Works Department 184,000 –
Police Department 2,100,800 –
Police-Special Duty 116,900 –
Dog Warden/Humane Society 10,800 Flood Control/ Soil Conservation 37,000 –
Streets and Highways 1,331,000 –
Street Lights 140,000 –
Signs and Signals 20,000 –
Snow Removal 25,000 –
Central Garage 211,600 –
Public Transit 20,000 –
Recycling Center 5,500 –
Local Health Department 5,500 –
Storm Sewer 48,900 –
Parks & Recreation 345,796 –
Visitors Bureau 162,500 –
Civic Center – Municipal Auditorium 134,600 –
Historical Commission 4,000 –
Civic Promotions 6,934 –
Library 22,500 –
Beautification Programs 30,000 –
Human Resources 169,400 –
–
TOTAL ESTIMATED EXPENDITURES $ 7,139,554 $90,000
MUNICIPALITY OF ELKINS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2026 – JUNE 30, 2027
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 $157,027,980 25.00 $392,570
Personal Property 859,134 2,148
Total Class II $ 157,887,114 $ 394,718
CLASS IV
Real Estate $123,712,030 50.00 $618,560
Personal Property 70,178,502 350,893
Public Utility 19,918,455 99,592
Total Class IV $ 213,808,987 $1,069,045
Total Value & Projected Revenue $371,696,101 $ 1,463,763
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 73,188
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 27,812
Less Allowance for Tax Increment Financing (if Applicable) 34,642
Total Projected Property Tax Collection $1,328,121
Less Assessor Valuation Fund 2.00% 26,562
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $1,301,559
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 19th day of March, 2026.
Sutton Stokes
City Clerk
Official Title of Recording Officer
Elk-March 26 & April 2, 2026