Legal
0325 0401
FISCAL YEAR JULY 1, 2017- JUNE 30, 2018
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF ALDERSON, 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
Property Taxes – Current Expense 86,397
Property Taxes – Excess Levy 44,080
Gas & Oil Severance Tax 5,000
Excise Tax on Utilities 22,000
Business and Occupation Tax 45,000
Wine & Liquor Tax 12,000
Animal Control Tax 300
Hotel Occupancy Tax 1,800
Fines, Fees & Court Costs 17,000
Licenses 1,000
Building Permit Fees 1,000
Franchise Fees 10,000
IRP Fees (Interstate Registration Plan) 6,000
Dog Pound Fees 1,500
Municipal Service Fees 84,500
Rents and Concessions 9,000
Gaming Income 23,000
Refunds 2,500
Video Lottery (LVL) 5,000
Miscellaneous Revenues 6,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 383,577
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ –
Coal Severance Tax 1,800
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 1,800
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 1,560 –
City Council 807 –
Recorder’s Office 861 –
Police Judge’s Office 9,737 –
Regional Development Authority 450 –
Planning & Zoning 2,400 –
City Hall 35,467 –
Other building 14,850 –
Contingencies 1,006 –
Police Department 169,333 –
Fire Department 24,500 –
Streets and Highways 81,556 1,800
Street Lights 19,050 –
Parks & Recreation 7,600 –
Visitors Bureau 900 –
Library 13,500 –
TOTAL ESTIMATED EXPENDITURES $ 383,577 $ 1,800
MUNICIPALITY OF ALDERSON, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY l, 2017 – ,JUNE 30, 2018
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 $ 11,753,610 25.00 $ 29,384
Personal Property 0 0
Total Class II $ 11,753,610 $ 29,384
CLASS IV
Real Estate $ 6,974,780 50.00 $ 34,874
Personal Property 3,771,579 18,858
Public Utility 2,722,962 13,615
Total Class IV $ 13,469,321 $ 67,347
Total Value & Projected Revenue $ 25,222,931 $ 96,731
Less Delinquencies, Exonerations & Uncollectable Taxes 6,771
Less Tax Discounts (use Total Projected Revenue to calculate) 1,799
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 88,161
Less Assessor Valuation Fund 1,764
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 86,397
MUNICIPALITY OF ALDERSON, WEST VIRGINIA
Excess Levy/ Levies
FISCAL YEAR JULY 1, 2017 – JUNE 30, 2018
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 6.25 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 11,753,610 12.50 $ 14,692
Personal Property 0 0
Total Class II $ 11,753,610 $ 14,692
CLASS IV
Real Estate $ 6,974,780 25.00 $ 17,437
Personal Property 3,771,579 9,429
Public Utility 2,722,962 6,807
Total Class IV $ 13,469,321 $ 33,673
Total Value & Projected Revenue $ 25,222,931 $ 48,365
Less Delinquencies, Exonerations & Uncollectable Taxes 3,385
Less Tax Discounts (use Total Projected Revenue to calculate) 900
Net Amount to be Raised by Levy for Budget Purposes $ 44,080
STATE OF WEST VIRGINIA
COUNTY OF Greenbrier / Monroe
MUNICIPALITY OF Alderson
I, Betty Thomas, 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 9th day of March, 2017.