Randolph

Public Notice

FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
LEVY ESTIMATE – BUDGET DOCUMENT

STATE OF WEST VIRGINIA
MUNICIPALITY OF BELINGTON, 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 100,000
Property Taxes – Current Expense 174,566
Gas & Oil Severance Tax 4,000
Excise Tax on Utilities 40,500
Business and Occupation Tax 186,500
Wine & Liquor Tax 9,500
Hotel Occupancy Tax 4,000
Fines, Fees & Court Costs 17,000
Parking Violations 50
Licenses 5,000
Building Permit Fees 700
Miscellaneous Permits 1,000
Franchise Fees 1,500
IRP Fees (Interstate Registration Plan) 23,000
Dog Pound Fees 1,000
Municipal Service Fees 67,000
Rents, Royalties, and Concessions 250
Charges for Services 95,500
Contributions from Other Entities 2,500
Gaming Income 8,000
Interest Earned on Investments 150
Reimbursements 5,000
Sale of Materials 1,000
Accident Reports 300
Video Lottery (LVL) 5,000
Miscellaneous Revenues 14,308
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $767.324

COAL SEVERANCE TAX FUND
REVENUE SOURCE

Assigned Fund Balance $79,245
Coal Severance Tax 3,500
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $82,885

General Coal
Fund Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 2,923 –
City Council 11,685 –
City Clerk’s Office 76,050 –
Police Judge’s Office 3,856 –
Main Street Program 20,000 –
City Attorney 10,000 –
Custodial 1,962 –
Regional Development Authority 2,200 –
Building Inspection 3,756 –
City Hall 232,316 –
Police Department 189,810 –
Streets and Highways 182,416 –
Street Lights 30,000 –
Parks & Recreation 10,350 –
Visitors Bureau 2,000 –
Fair Association/Festivals 1,000 –
Library 7,000 –
Capital Projects – General Government – 82,885
TOTAL ESTIMATED EXPENDITURES $767,324 $82,885

MUNICIPALITY OF BELINGTON, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022

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 $21,245,600 25.00 $53,114
Personal Property 27,168 68
Total Class II $21,272,768 $53,182

CLASS IV
Real Estate $14,193,470 50.00 $70,967
Personal Property 8,373,897 41,869
Public Utility 5,062,517 25,313
Total Class IV $27,629,884 $138,149

Total Value & Projected
Revenue $48,902,652 $191,331

Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 9,567

Less Tax Discounts (use Total Projected
Revenue to calculate) 2.00% 3,635

Total Projected Property Tax Collection $178,129

Less Assessor Valuation Fund 2.00% 3,563
(Subtracted from regular current expense taxes levied only)

Net Amount to be Raised by Levy of Property Taxes $174,566

STATE OF WEST VIRGINIA

COUNTY OF BARBOUR
MUNICIPALITY OF BELINGTON

I, Gwendolyn A. Valentine, 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 25th day of March, 2021.
Gwendolyn A. Valentine
City Clerk
3-31, 4-7