FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF BEVERLY, 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 192,909
Property Taxes – Current Expense 37,941
Gas & Oil Severance Tax 1,500
Animal Control Tax 50
Licenses 1,500
Building Permit Fees 1,000
Franchise Fees 12,000
IRP Fees (Interstate Registration Plan) 14,500
Rents, Royalities, and Concessions 5,500
Police Protection Fees 5,740
Gaming Income 10,000
Filing Fees 60
Video Lottery (LVL) 1,800
Miscellaneous Revenues 500
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $285,000
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $1,000
Coal Severance Tax 1,000
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $2,000
General Coal
Fund Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Zoning Board 3,000
Mayor’s Office 5,000
City Council 8,000
Recorder’s Office 2,000
City Clerk’s Office 16,000
City Attorney 25,000
City Auditor 8,000
Main Street Program 5,000
Enforcement Agency 40,000
Rehabilitation of Property 5,000
Custodial 1,000
Regional Development Authority 1,000
Building Inspection 10,000
Planning & Zoning 11,000
Elections 1,000
City Hall 30,000
Charter Board 1,000
Public Grounds 5,500
Contingencies 28,000
Police Department 30,000
Streets and Highways 5,000
Street Lights 9,000 1,000
Signs and Signals 1,000
Snow Removal 1,000 1,000
Street Cleaning 2,500
Sidewalks 3,000
Storm Sewer 16,000
Parks & Recreation 1,000
Fair Associations/Festivals 6,500
Historical Commission 1,000
4-H Camp 1,000
Beautification Programs 1,500
Capital Projects – General Government 1,000
TOTAL ESTIMATED EXPENDITURES $285,000 $2,000
MUNICIPALITY OF BEVERLY, WEST VIRGINiA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
Certificate of
Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $0 8.63 $0
Public Utility 0 0
Total Class I $0 $0
CLASS II
Real Estate $8,112,820 17.26 $14,003
Personal Property 104,038 180
Total Class II $8,216,858 $14,183
CLASS IV
Real Estate $4,528,200 34.52 $15,631
Personal Property 2,283,523 7,883
Public Utility 1,126,024 3,887
Total Class IV $7,937,747 $27,401
Total Value & Projected
Revenue $16,154,605 $41,584
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 2,079
Less Tax Discounts (use Total
projected Revenue to Calculate) 2.00% 790
Less Allowance for Tax Increment
Financing (if Applicable) 0
Total Projected Property Tax Collection $38,715
Less Assessor Valuation Fund 2.00% 774
(Subjected from regular current expense taxes levied only)
Net Amount to be Raised by Levy of
Property Taxes $37,941
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF BEVERLY
I, Barbara Smith, Recording Officer of said municipality, do hereby certify that the forgoing are true copies from the record of the orders made and entered by the council of the said municipality on the 27th day of March, 2020.
Barbara Smith
Recorder
4-1, -86