town of Worthington

FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF WORTHINGTON, 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 38,000
Unassigned Fund Balance 13,000
Property Taxes – Current Expenses 20,540
Gas & Oil Severance Tax 200
Excise Tax on Utilities 12,000
Business & Occupation Tax 4,500
Animal Control Tax 20
Motor Vehicle Operator’s Tax 200
Licenses 75
Franchise Fees 2,000
IRP Fees (Interstate Registration Plan) 2,400
Refuse Collection 13,920
Fire Protection Fees 3,400
Gaming Income 17,160
Video Lottery(LVL) 840
Miscellaneous Revenues 500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $128,755
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $2,500
Coal Severance Tax 600
Interest Earned on Investments ____28
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $3,128
General Coal Severance
Fund Fund
ESTIMATED Current Expenditures
Mayor’s Office 500
City Council 1,500
Recorder’s Office 450
City Clerk’s Office 500
Regional Development Authority 125
Building Inspection 500
City Hall 32,000
Public Works Department 20,500
Fire Department 3,400
Street Lights 2,280
Snow Removal 3,600
Street Cleaning 2,500
Garbage Department 11,832
Capital Projects-General Government 11,068
Capital Projects-Street and Transportation 38,000 3,128
TOTAL ESTIMATED EXPENDITURES $128,755 3,128
MUNICIPALITY OF WORTHINGTON, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2014- JUNE 30, 2015
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
for Tax Purposes
CLASS I
Personal Property $ 0 12.41 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 2,003,200 24.82 $ 4,972
Personal Property 0 0
Total Class II $2,003,200 $4,972
CLASS IV
Real Estate $ 1,185,270 49.64 $ 5,884
Personal Property 529,668 2,629
Public Utility 1,807,277 8,971
Total Class IV $5,525,415 17,484
Total Value &
Projected Revenue $5,525,415 $22,456
Less Delinquencies , Exoneration &
Uncollectable Taxes: 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,123
Less Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 427
Less Allowance for Tax Increment Financing 0
Total Projected Property Tax Collection 20,906
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 366
(Subtracted from regular current expense taxes levied only)
Net amount to be Raised by Levy of Property Taxes 20,540
STATE OF WEST VIRGINIA
COUNTY OF MARION
MUNICIPALITY OF WORTHINGTON
I, Debra Shumate, 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 17th day of March, 2015.
TIMES: March 27, April 3, 2015