FISCAL YEAR JULY 1, 2020- JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF TRIADELPHIA, 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 425,000
Property Taxes – Current Expense 89,915
Gas & Oil Severance Tax 4,000
Excise Tax on Utilities 50,000
Business and Occupation Tax 190,000
Animal Control Tax 200
Fines, Fees and Court Costs 5,000
Licenses 4,000
Building Permit Fees 2,000
Franchise Fees 25,000
IRP Fees (Interstate Registration Plan) 56,000
Rents, Royalties, and Concessions 18,000
Fire Protection Fees 3,000
Transfers from Rainy Day Fund 27,500
Gaming Income 16,000
Interest Earned on Investments 200
Video Lottery (LVL) 10,000
Miscellaneous Revenues 5,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $930,815
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 14,000
Coal Severance Tax 2,700
Interest Earned on Investment 10
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 16,710
General Coal Severance
ESTIMATED CURRENT Fund Fund
EXPENDITURES
Mayor’s Office 3,580 –
City Council 4,525 –
Recorder’s Office 4,191 –
Treasurer’s Office 2,155 –
City Clerk’s Office 78,680 2,100
Police Judge’s Office 600 –
City Attorney 11,000 –
Regional Development Authority 400 –
City Hall 154,386 –
Police Department 101,024 –
Fire Department 1,300 –
Streets & Highways 222,550 –
Street Lights 14,500 –
Capital Projects – –
General Government 15,000 –
Capital Projects – Public Safety 2,000 –
Capital Projects –
Street and Transportation 311,924 14,610
Capital Projects –
Culture and Recreation 3,000 –
TOTAL ESTIMATED
EXPENDITURES $930,815 $16,710
MUNICIPALITY OF TRIADELPHIA, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
Certificate of Valuation
Assessed Value for Levy Rate/ Taxes
Tax Purposes $100 Levied
Class I
Personal Property 0 12.50 0
Public Utility 0 0
Total Class I 0 0
Class II
Real Estate $6,158,290 25.00 $15,396
Personal Property 189,810 475
Total Class II $6,348,100 $15,871
Class IV
Real Estate $8,941,070 50.00 $44,705
Personal Property 5,642,303 28,212
Public Utility 1,952,413 9,762
Total Class IV $16,535,786 $82,679
TOTAL VALUE &
PROJECTED REVENUE $22,883,886 $98,550
Less Delinquencies,
Exonerations, &
Uncollectable Taxes 5.00% 4,928
Less Tax Discounts
(use Total Projected
Revenue to calculate) 2.00% 1,872
Less Allowance for Tax
Increment Financing (if Applicable) 0
Total Projected Property
Tax Collection $91,750
Less Assessor Valuation Fund 2.00% 1,835
(Subtracted from regular
current expense taxes
levied only)
Net Amount to be Raised by
Levy of Property Taxes $89,915
MUNICIPALITY OF TRIADELPHIA, WEST VIRGINIA
Excess Levy/Levies
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
Certificate of Valuation
Assessed Value for Levy Rate/ Taxes
Tax Purposes $100 Levied
Class I
Personal Property 0 0.00 0
Public Utility 0 0
Total Class I 0 0
Class II
Real Estate $6,158,290 0.00 $0
Personal Property 189,810 0
Total Class II $6,348,100 $0
Class IV
Real Estate $8,941,070 0.00 $0
Personal Property 5,642,303 0
Public Utility 1,952,413 0
Total Class IV $16,535,786 $0
TOTAL VALUE &
PROJECTED REVENUE $22,883,886 $0
Less Delinquencies,
Exonerations, &
Uncollectable Taxes 5.00% 0
Less Tax Discounts
(use Total Projected
Revenue to calculate) 2.00% 0
Net Amount to be Raised by
Levy for Budget Purposes $0
MUNICIPALITY OF TRIADELPHIA, WEST VIRGINIA
Excess or Bond Levy
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
Certificate of Valuation
Assessed Value for Levy Rate/ Taxes
Tax Purposes $100 Levied
Class I
Personal Property 0 0.00 0
Public Utility 0 0
Total Class I 0 0
Class II
Real Estate $6,158,290 0.00 $0
Personal Property 189,810 0
Total Class II $6,348,100 $0
Class IV
Real Estate $8,941,070 0.00 $0
Personal Property 5,642,303 0
Public Utility 1,952,413 0
Total Class IV $16,535,786 $0
TOTAL VALUE &
PROJECTED REVENUE $22,883,886 $0
Less Delinquencies,
Exonerations, &
Uncollectable Taxes 5.00% 0
Less Tax Discounts
(use Total Projected
Revenue to calculate) 2.00% 0
Net Amount to be Raised by
Levy for Budget Purposes $0
STATE OF WEST VIRGINIA
COUNTY OF OHIO
MUNICIPALITY OF TRIADELPHIA
I, Neal Carr, 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, 2021.
Neal K. Carr
Recorder
Int. April 1, 8, 2021
N.R. April 1, 8, 2021