STATE OF WEST VIRGINIA
MUNICIPALITY OF BLUEFIELD, WEST VIRGINIA
In accordance with WV 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 the fiscal year INCLUDING THE LEVY OF TAXES, is as follows:
GENERAL FUND
REVENUE SOURCE
Unassigned Fund Balance 3,500,000
Property Taxes 1,241,205
Gas & Oil Severance Tax 25,000
Excise Tax on Utilities 420,000
Business and Occupation Tax 2,500,000
Wine & Liquor Tax 3,000
Animal Control Tax 1,700
Hotel Occupancy Tax 105,000
Insurance Premium Surtax 20,000
Sales Tax 1,040,000
Fines, Fees & Court Costs 273,500
Parking Violations 10,000
Licenses 40,000
Building Permit Fees 40,000
Miscellaneous Permits 1,000
Franchise Fees 130,000
Inspection Fees 29,500
IRP Fees (Interstate Registration Plan) 120,000
Emergency Service Fee 100
Parks & Recreation 575,250
Off Street Parking 50,000
Collection of Delinquent Accounts 50,000
Rents, Royalties, and Concessions 145,000
Refuse Collection 950,000
Police Protection Fees 75,000
Fire Protection Fees 873,000
Street Fees 495,000
Charges for Services 500,000
State Government Grants 50,000
Contributions from Other Entities 50,000
Gaming Income 11,500
Interest Earned on Investments 110,000
Reimbursements 50,000
Refunds 25,000
Sale of Fixed Assets 5,000
Sale of Materials 5,000
Commissions 1,500
Insurance Claims 5,000
Video Lottery (LVL) 50,000
Miscellaneous Revenues 18,000
TOTAL ESTIMATED REVENUE 13,594,255
GENERAL FUND
ESTIMATED EXPENDITURES
Economic Development 233,582
City Council 18,420
City Manager’s Office 349,472
Treasurer’s Office 420,800
City Clerk’s Office 87,015
Police Judge’s Office 25,000
City Attorney 145,439
Personnel Office 80,310
Regional Development Authority 10,447
Building Inspection 347,000
Data Processing 217,120
City Hall 1,616,800
Other buildings 390,265
Parking 2,500
Contingencies 616,710
Police Department 2,721,800
Fire Department 1,478,575
Watershed Project 19,000
Streets and Highways 1,983,550
Public Transit 65,000
Garbage Department 1,086,050
Storm Sewer 565,050
Parks & Recreation 979,350
Visitors Bureau 55,000
Library 80,000
TOTAL ESTIMATED EXPENDITURES 13,594,255
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance 33,373
Coal Severance Tax 33,000
Interest Earned on Investment 10
TOTAL ESTIMATED REVENUE 66,383
COAL SEVERANCE TAX FUND
ESTIMATED EXPENSE
Police Department 66,383
TOTAL ESTIMATED EXPENDITURES 66,383
MUNICIPALITY OF BLUEFIELD, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
Certificate of Valuation Levy Taxes
Assessed Value for Rate/$100 Levied
Tax Purposes
CLASS I
Personal Property $ 0 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 124,707,570 25.00 $ 311,769
Personal Property 0 0
Total Class II $ 124,707,570 $ 311,769
CLASS IV
Real Estate $ 96,551,930 50.00 $ 482,760
Personal Property 42,874,334 214,372
Public Utility 67,466,445 337,332
Total Class IV $ 206,892,709 $ 1,034,464
Total Value & Projected Revenue $ 331,600,279 $ 1,346,233
Less Delinquencies, Exonerations & Uncollectable Taxes 4.00% 53,849
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 25,848
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 1,266,536
Less Assessor Valuation Fund 2.00% 25,331
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 1,241,205
STATE OF WEST VIRGINIA
COUNTY OF MERCER
MUNICIPALITY OF BLUEFIELD
I, Bobbi Kersey, 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 24th day of March, 2020.
ID: 381442