LEGAL NOTICE
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF NORTH HILLS, WEST VIRGINIA
In accordance with code 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 fiscal year INCLUDING THE LEVY OF TAXES, is as follows:
REVENUE SOURCE
Unassigned Fund Balance 30,000
Property Taxes – Current Expense 77,663
Gas & Oil Severance Tax 1,000
Excise Tax on Utilities 100
Building Permit Fees 100
IRP Fees (Interstate Registration Plan) 300
Gaming Income 10,000
Video Lottery (LVL) 4,500
TOTAL ESTIMATED REVENUE
(GENERAL FUND) 123,663
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance 200
Coal Severance Tax 1,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) 1,200
ESTIMATED CURRENT EXPENDITURES
Insurance Program (Self Insured) 10,000
Mayor’s Office 6,000
Recorder’s Office 6,000
City Attorney 6,000
Contributions to Comms/Authorities 3,000
Printing 3,000
Regional Development Authority 1,000
City Hall 12,000
Internal Audit 15,000
Public Grounds 25,000
Contingencies 10,000
Parks & Recreation 1,663 1,200
Fair Associations/Festivals 15,000
TOTAL ESTIMATED EXPENDITURES $123,663 1,200
MUNICIPALITY OF NORTH HILLS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
Certificate of Levy Taxes
Valuation Assessed Rate/$100 Levied
Value for Tax
Purposes
CLASS I
Personal Property $0 9.72 0
Public Utility 0 0
Total Class I 0 0
CLASS II
Real Estate $36,707,600 19.44 71,360
Personal Property 0 0
Total Class II 36,707,600 71,360
CLASS IV
Real Estate 226,740 38.88 882
Personal Property 3,155,708 12,260
Public Utility 157,008 610
Total Class IV 3,539,456 13,761
Total Value & Projected Revenue 40,247,056 85,121
Less Delinquencies, Exonerations
& Uncollectable Taxes 5.00% 4,256
Less Tax Discounts (use Total Projected
Revenue to calculate) 2.00% 1,617
Less Allowance for Tax Increment
Financing (if Applicable)
Total Projected Property Tax Collection 79,248
Less Assessor Valuation Fund (Subtracted
from current expense taxes levied only) 2.00% 1,585
Net Amount to be Raised by Levy of Property Taxes 77,663
STATE OF WEST Virginia
COUNTY OF WOOD
MUNICIPALITY OF NORTH HILLS
I, Fred Newberry, 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 26th day of March, 2020.
Fred Newberry, Recorder
Apr 3, 10