Legal 3 col x 10-3/4”
0407 0414
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF THOMAS, 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 the fiscal year INCLUDING THE LEVY OF TAXES, is as follows:
REVENUE SOURCE
Assigned Fund Balance $ 60,185
Property Taxes – Current Expense 90,032
Gas & Oil Severance Tax 935
Excise Tax on Utilities 19,000
Wine & Liquor Tax 18,000
Animal Control Tax 85
Hotel Occupancy Tax 8,500
Licenses 1,600
Building Permit Fees 5,900
Franchise Fees 1,335
IRP Fees (Interstate Registration Plan) 22,106
Parks & Recreation 5,000
Refuse Collection 49,300
Gaming Income 9,000
Reimbursements (Explain type of funds & amounts being transferred 15,699
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 306,677
Assigned Fund Balance $ 1
Coal Severance Tax 1,125
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 1,1256
General Coal Severance
ESTIMATED CURRENT EXPENDITURES Fund Fund
Mayor’s Office $ 1,000 –
City Council 500 –
Recorder’s Office 200 –
City Attorney 6,250 –
City Auditor 10,000 –
Regional Development Authority 674 –
Elections 1,700 –
Data Processing 2,250 –
City Hall 23,551 –
Other buildings 6,000 –
Public Works Department 91,007 –
Public Grounds 6,000 –
Streets and Highways 9,000 –
Street Lights 14,000 1,126
Snow Removal 6,000 –
Garbage Department 120,045 –
Parks & Recreation 4,250 –
Visitors Bureau 4,250 –
TOTAL ESTIMATED EXPENDITURES $ 306,377 $ 1,126
MUNICIPALITY OF THOMAS, 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 $ 8,436,380 25.00 $ 21,091
Personal Property 0 0
Total Class II $ 8,436,380 $ 21,091
CLASS IV
Real Estate $ 10,653,120 50.00 $ 53,266
Personal Property 2,998,600 14,993
Public Utility 1,715,979 8,580
Total Class IV $ 15,367,699 $ 76,839
Total Value & Projected Revenue $ 23,804,079 $ 97,930
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 4,897
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,861
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 91,172
Less Assessor Valuation Fund 1.25% 1,140
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 90,032
STATE OF WEST VIRGINIA
COUNTY OF Tucker
MUNICIPALITY OF Thomas
I, Kimberly Trathen, 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 29th day of March, 2021.