FISCAL YEAR JULY 1,2020 – JUNE 30,2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF HUTTONSVILLE, 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 30,969
Property Taxes – Current Expense 17.472
Prior Year Taxes 500
Supplemental Taxes 250
Tax Penalties, Interest & Publication Fees 100
Gas & Oil Severance Tax 400
Excise Tax on Utilities 5,000
Wine & Liquor Tax 25,000
Animal Control Tax 25
Licenses 450
Franchise Fees 3,000
IRP Fees (Interstate Registration Plan) 2,000
Rents, Royalties, and Concessions 8,400
Civic Center / Coliseum 250
Transfers from Rain Day Fund 25,000
Gaming Income 10,500
Video Lottery (LVL) 500
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 129,816
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 700
Coal Severance Tax 2,137
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 2,837
General Coal
Fund Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 1,620 –
City Council 6,000 –
Recorder’s Office 1,620 –
Treasurer’s Office 10,000 –
Housing Authority 50 –
Regional Development Authority 254 –
City Hall 60,472 –
Streets and Highways 25,000 2,837
Street Lights 2,400 –
Signs and Signals 250 –
Snow Removal 1,500 –
Water & Sewer 650 –
Parks & Recreation 2,000 –
Playgrounds 15,000 –
Library 1,000 –
Aging Program (Senior Citizens) 2,000 –
TOTAL ESTIMATED EXPENDITURES $ 129,816 $ 2,837
MUNICIPALITY OF HUTTONSVILLE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2002 – JUNE 30, 2021
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 $ 2,739,370 25.00 $ 6,848
Personal Property 135,540 339
Total Class II $ 2,874,910 $ 7,187
CLASS IV
Real Estate $ 959,810 50.00 $ 4,799
Personal Property 759,514 3,798
Public Utility 673,348 3,367
Total Class IV $ 2,392,672 $ 11,964
Total Value & Projected
Revenue $ 5,267,582 $ 19,151
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 958
Less Tax Discounts (use Total
Projected Revenue to Calculate) 2.00% 364
Less Allowance for Tax Increment
Financing (if Applicable) 0
Total Projected Property Tax Collection $ 17,829
Less Assessor Valuation Fund 2.00% 357
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy
of Property Taxes $ 17,472
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF HUTTONSVILLE
I, SUZANNE THOMPSON, 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 10th day of March, 2020.
Suzanne Thompson
COUNCIL PERSON
3-20, 2-27