Legal 3 col x 13-3/4”
0420
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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
Unassigned Fund Balance $ 200,000
Property Taxes – Current Expense 105,990
Gas & Oil Severance Tax 1,125
Excise Tax on Utilities 12,000
Wine & Liquor Tax 13,000
Animal Control Tax 140
Hotel Occupancy Tax 8,000
Licenses 4,000
Building Permit Fees 30,000
Franchise Fees 1,400
IRP Fees (Interstate Registration Plan) 19,900
Private Liquor Club Fee 3,549
Parks & Recreation 5,500
Refuse Collection 52,500
Gaming Income 8,300
Reimbursements (Explain type of funds & amounts being transferred 15,000
Insurance Claims 15,000
Miscellaneous Revenue 3,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 498,904
Coal Severance Tax $ 1,100
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 1,100
Mayor’s Office $ 1,000 –
City Council 500 –
Recorder’s Office 200 –
City Attorney 14,000 –
City Auditor 10,000 –
Custodial 3,200 –
Regional Development Authority 703 –
Elections 1,700 –
City Hall 55,088 –
Public Works Department 108,755 –
Fire Department 4,000 –
Streets and Highways 10,000 –
Street Lights 13,200 –
Signs and Signals 2,000 –
Snow Removal 6,000 –
Garbage Department 21,797 –
Water & Sewer 239,461 –
Parks & Recreation 1,700 –
Visitors Bureau 4,200 –
Library 1,600 –
TOTAL ESTIMATED EXPENDITURES $ 498,904 $ 1,100
MUNICIPALITY OF THOMAS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 11.93 $ 0
CLASS II
Real Estate $ 8,921,060 23.85 $ 21,285
Total Class II $ 8,921,060 $ 21,285
CLASS IV
Real Estate $ 12,777,350 47.72 $ 60,974
Personal Property 3,437,927 16,406
Public Utility 1,534,815 7,324
Total Class IV $ 17,750,102 $ 84,704
Total Value & Projected Revenue $ 26,672,162 $ 105,990
Total Projected Property Tax Collection $ 105,990
Net Amount to be Raised by Levy of Property Taxes $ 105,990
MUNICIPALITY OF THOMAS, WEST VIRGINIA
Excess Levy/Levies
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
CLASS II
Real Estate $ 8,921,060 0.00 $ 0
Personal Property 0 0
Total Class II $ 8,921,060 $ 0
CLASS IV
Real Estate $ 12,777,350 0.00 $ 0
Personal Property 3,437,927 0
Public Utility 1,534,815 0
Total Class IV $ 17,750,102 $ 0
Total Value & Projected Revenue $ 26,672,102 $ 0
MUNICIPALITY OF THOMAS, WEST VIRGINIA
Excess or Bond Levy
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS II
Real Estate $ 8,921,060 0.00 $ 0
Personal Property 0 0
Total Class II $ 8,921,060 $ 0
CLASS IV
Real Estate $ 12,777,350 0.00 $ 0
Personal Property 3,437,927 0
Public Utility 1,534,815 0
Total Class IV $ 17,750,102 $ 0
Total Value & Projected Revenue $ 26,672,102 $ 0
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 28th day of March, 2022.