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FISCAL YEAR JULY 1, 2025 - JU...
FISCAL YEAR JULY 1, 2025 - JUNE 30, 2026
LEVY ESTIMATE - BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MONONGAH, WEST VIRGINIA
In accordance with Code sect.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
Nonspendable Fund Balance -
Unassigned Fund Balance 40,000
Property Taxes - Current Expense 110,750
Gas & Oil Severance Tax 3,550
Excise Tax on Utilities 39,000
Business and Occupation Tax 90,000
Wine & Liquor Tax 50
Animal Control Tax 60
Fines, Fees and Court Costs 12,000
Licenses 500
IRP Fees (Interstate Registration Plan) 12,000
Police Protection Fees 18,000
Gaming Income 10,000
Video Lottery (LVL) 7,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 342,910
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance (Coal Fund Only) $ 15,700
Coal Severance Tax 5,000
Interest Earned on Investment 15
Reimbursements -
Refunds -
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 20,715
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Economic Development $ - $ -
Mayor's Office 1,760 -
City Council 5,400 -
Recorder's Office 2,160 -
City Clerk's Office 45,000 -
Police Judge's Office 225 -
City Attorney 2,600 -
Regional Development Authority 313 -
City Hall 120,300 -
Internal Audit 2,000 -
Police Department 65,000 -
Dog Warden/Humane Society 590 -
Streets and Highways 97,562 20,715
TOTAL ESTIMATED EXPENDITURES $ 342,910 $ 20,715
MUNICIPALITY OF MONONGAH, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2025 - JUNE 30, 2026
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 $ 16,631,310 25.00 $ 41,578
Personal Property -8,778 -22
Total Class II $ 16,622,532 $ 41,556
CLASS IV
Real Estate $ 9,104,080 50.00 $ 45,520
Personal Property 4,175,543 20,878
Public Utility 2,563,464 12,817
Total Class IV $ 15,843,087 $ 79,215
Total Value & Projected Revenue $ 32,465,619 $ 120,771
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 6,039
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,295
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 112,437
Less Assessor Valuation Fund
(Subtracted from regular current expense taxes levied only) 1.50% 1,687
Net Amount to be Raised by Levy of Property Taxes $ 110,750
LEVY ESTIMATE - BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MONONGAH, WEST VIRGINIA
In accordance with Code sect.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
Nonspendable Fund Balance -
Unassigned Fund Balance 40,000
Property Taxes - Current Expense 110,750
Gas & Oil Severance Tax 3,550
Excise Tax on Utilities 39,000
Business and Occupation Tax 90,000
Wine & Liquor Tax 50
Animal Control Tax 60
Fines, Fees and Court Costs 12,000
Licenses 500
IRP Fees (Interstate Registration Plan) 12,000
Police Protection Fees 18,000
Gaming Income 10,000
Video Lottery (LVL) 7,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 342,910
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance (Coal Fund Only) $ 15,700
Coal Severance Tax 5,000
Interest Earned on Investment 15
Reimbursements -
Refunds -
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 20,715
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Economic Development $ - $ -
Mayor's Office 1,760 -
City Council 5,400 -
Recorder's Office 2,160 -
City Clerk's Office 45,000 -
Police Judge's Office 225 -
City Attorney 2,600 -
Regional Development Authority 313 -
City Hall 120,300 -
Internal Audit 2,000 -
Police Department 65,000 -
Dog Warden/Humane Society 590 -
Streets and Highways 97,562 20,715
TOTAL ESTIMATED EXPENDITURES $ 342,910 $ 20,715
MUNICIPALITY OF MONONGAH, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2025 - JUNE 30, 2026
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 $ 16,631,310 25.00 $ 41,578
Personal Property -8,778 -22
Total Class II $ 16,622,532 $ 41,556
CLASS IV
Real Estate $ 9,104,080 50.00 $ 45,520
Personal Property 4,175,543 20,878
Public Utility 2,563,464 12,817
Total Class IV $ 15,843,087 $ 79,215
Total Value & Projected Revenue $ 32,465,619 $ 120,771
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 6,039
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,295
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 112,437
Less Assessor Valuation Fund
(Subtracted from regular current expense taxes levied only) 1.50% 1,687
Net Amount to be Raised by Levy of Property Taxes $ 110,750
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