2021- 2022 FISCAL YEAR
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF VALLEY GROVE
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 (July 1) $83,476
Ad Valorem Taxes 24,292
Gas & Oil Severance Tax 2,000
Excise Tax on Utilities 21,000
Business and Occupation Tax 30,000
Fines, Fees and Court Costs 1,000
IRP Fees 11,000
Parks and Recreation 12,000
Rents and Concessions 6,000
Gaming Income 11,500
Interest Earned 200
Video Lottery 5,500
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $207,968
COAL SEVERANCE
TAX FUND
REVENUE SOURCE
Assigned Fund Balance (July 1) $ 300
Coal Severance Tax 900
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 1,200
General Coal Severance
ESTIMATED CURRENT Fund Fund
EXPENDITURES
Mayor’s Office $ 10,000
City Council 6,000
Recorder’s Office 4,000
Treasurer’s Office 4,000
Police Judge’s Office 500
City Attorney 3,000
Custodial 10,000
Regional Development Authority 250
City Hall 90,000 1,200
Contingencies 3,918
Police Department 20,000
Street Department 6,000
Parks & Recreation 4,500
Capital Projects – 45,000
TOTAL ESTIMATED
EXPENDITURES $ 207,968 $ 1,200
MUNICIPALTY OF VALLEY GROVE, WEST VIRGINIA
REGULAR CURRENT EXPENSE LEVY
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
COLUMN E
Certificate of Valuation
Assessed Value for
Tax Purposes Levy Rate/$100 Taxes Levied
Class I
Personal Property $ 0 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
Class II
Real Estate $ 3,084,260 25.00 $7,711
Personal Property 11,286 28
Total Class II $ 3,095,546 $7,739
Class IV
Real Estate $ 1,395,520 50.00 $6,978
Personal Property 1,347,582 6,738
Public Utility 1,034,025 5,170
Total Class IV $3,777,127 $18,886
TOTAL VALUE &
PROJECTED
REVENUE $6,872,673 $26,625
Less Delinquencies,
Exonerations, &
Uncollectible Taxes 5.00% 1,331
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 506
Less Allowance for Tax
Increment Financing –
(If applicable) 0 Total Projected Property
Tax Collection $24,788
Less Assessor
Valuation Fund 2.00% 496
(Subtracted from regular
current expense taxes
levied only)
Net Amount to be Raised by
Levy of Property Taxes
For Budget Purposes $24,292
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 day of March 24, 2021.
Mary D. Philabaum,
Recorder/Treasurer
Intelligencer April 5, 12, 2021
News-Register April 5, 12, 2021