Legal
0325
FISCAL YEAR JULY 1, 2017- JUNE 30, 2018
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF LEWISBURG, 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 2,390,526
Property Taxes – Current Expense 891,275
Property Taxes – Excess Levy 454,731
Gas & Oil Severance Tax 5,300
Excise Tax on Utilities 245,000
Business and Occupation Tax 800,000
Wine & Liquor Tax 138,000
Animal Control Tax 1,000
Hotel Occupancy Tax 600,000
Fines, Fees & Court Costs 51,000
Licenses 23,000
Building Permit Fees 30,000
Miscellaneous Permits 2,000
Franchise Fees 48,000
IRP Fees (Interstate Registration Plan) 35,000
Municipal Service Fees 415,000
Off Street Parking 240
Rents, Royalties and Concessions 17,800
Fire Protection Fees 250,000
Contributions from Other Entities 1,000
Gaming Income 22,000
Interest Earned on Investments 1,300
Recycling Program 4,100
Property Rehabilitation 3,000
Video Lottery (LVL) 13,500
Miscellaneous Revenues 14,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 6,457,272
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 15,500
Coal Severance Tax 9,500
Interest Earned on Investment –
Reimbursements –
Refunds –
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 25,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 16,934 –
City Council 9,500 –
Recorder’s Office 12,425 –
City Manager’s Office 33,430 –
Treasurer’s Office 43,229 –
Police Judge’s Office 62,705 –
City Attorney 14,000 –
City Auditor 10,500 –
Community Development (Housing) 95,947 –
Rehabilitation of Property 24,650 –
Regional Development Authority 1,400 –
Building Inspection 66,145 –
Planning & Zoning 139,439 –
Elections – –
City Hall 1,039,343 –
Other buildings 900 –
Contributions / Transfers to Other Funds 291,650 –
Parking 67,301 –
Contingencies 400,000 –
Police Department 1,455,099 –
Fire Department 723,043 –
Fire Fee Distribution 250,000 –
Streets and Highways 548,166 –
Snow Removal 58,488 –
Sidewalks 54,862 –
Public Transit 2,873 –
Recycling Center 64,464 –
Storm Sewer 194,865 –
Parks & Recreation 225,076 25,000
Visitors Bureau 300,000 –
Arts & Humanities 50,000 –
Library 57,900 –
Beautification Programs 142,938 –
TOTAL ESTIMATED EXPENDITURES $ 6,457,272 $ 25,000
MUNICIPALITY OF LEWISBURG, 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 $ 113,077,930 25.00 $ 282,695
Personal Property 0 0
Total Class II $ 113,077,930 $ 282,695
CLASS IV
Real Estate $ 88,910,420 50.00 $ 444,552
Personal Property 34,028,191 170,141
Public Utility 9,934,970 49,675
Total Class IV $ 132,873,581 $ 664,368
Total Value & Projected Revenue $ 245,951,511 $ 947,063
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 28,412
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 9,187
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 909,464
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 18,189
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 891,275
MUNICIPALITY OF LEWISBURG, 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 $ 113,077,930 12.50 $ 141,347
Personal Property 0 0
Total Class II $ 113,077,930 $ 141,347
CLASS IV
Real Estate $ 88,910,420 25.00 $ 222,276
Personal Property 34,028,191 85,070
Public Utility 9,934,970 24,837
Total Class IV $ 132,873,581 $ 332,183
Total Value & Projected Revenue $ 245,951,511 $ 473,530
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 14,206
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,593
Net Amount to be Raised by Levy for Budget Purposes $ 454,731
STATE OF WEST VIRGINIA
COUNTY OF Greenbrier
MUNICIPALITY OF Lewisburg
I, Shannon Beatty, 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 21st day of March, 2017.