Legal 3 col x 17”
0323
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
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 2,636,558
Property Taxes – Current Expense 1,114,469
Property Taxes – Excess Levy 570,888
Gas & Oil Severance Tax 21,000
Excise Tax on Utilities 215,000
Business and Occupation Tax 700,000
Wine & Liquor Tax 68,000
Animal Control Tax 900
Hotel Occupancy Tax 500,000
Sales Tax 1,100,000
Fines, Fees & Court Costs 25,000
Licenses 30,000
Building Permit Fees 26,000
Miscellaneous Permits 1,500
Franchise Fees 35,000
IRP Fees (Interstate Registration Plan) 110,000
Municipal Service Fees 436,700
Off Street Parking 240
Rents, Royalties and Concessions 18,300
Fire Protection Fees 273,800
State Government Grants 45,000
Contributions from Other Entities 600
Gaming Income 18,000
Interest Earned on Investments 30,000
Recycling Program 3,500
Video Lottery (LVL) 13,500
Miscellaneous Revenues 25,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 8,018,955
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 17,000
Coal Severance Tax 10,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 27,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 23,333 –
City Council 13,400 –
City Manager’s Office 63,907 –
Treasurer’s Office 38,410 –
City Clerk’s Office 46,340 –
Police Judge’s Office 51,366 –
City Attorney 40,000 –
City Auditor 15,500 –
Community Development (Housing) 114,939 –
Rehabilitation of Property 31,000 –
Regional Development Authority 1,400 –
Building Inspection 46,082 –
Planning & Zoning 241,862 –
Elections 27,291
City Hall 727,110 –
Other buildings 750 –
Parking 3,300 –
Contingencies 200,000 –
Police Department 2,379,846 –
Fire Department 1,182,740 –
Fire Fee Distribution 667,577 –
Streets and Highways 758,304 –
Snow Removal 79,892 –
Sidewalks 94,330 –
Public Transit 3,000 –
Recycling Center 64,464 –
Storm Sewer 67,324 –
Parks & Recreation 554,172 27,000
Visitors Bureau 250,000 –
Arts & Humanities 25,000 –
Library 91,600 –
Beautification Programs 114,716 –
TOTAL ESTIMATED EXPENDITURES $ 8,018,955 $ 27,000
MUNICIPALITY OF LEWISBURG, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY l, 2024 – JUNE 30, 2025
Certificate of Valuation Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 12.45 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 140,619,490 24.90 $ 350,143
Personal Property 0 0
Total Class II $ 140,619,490 $ 350,143
CLASS IV
Real Estate $ 113,050,170 49.80 $ 562,990
Personal Property 44,128,498 219,760
Public Utility 10,307,999 51,334
Total Class IV $ 167,486,667 $ 834,084
Total Value & Projected Revenue $ 308,106,157 $ 1,184,226
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00% 35,527
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00% 11,487
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 1,137,212
Less Assessor Valuation Fund 2.00% 22,744
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 1,114,468
MUNICIPALITY OF LEWISBURG, WEST VIRGINIA
Excess Levy
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
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 $ 140,619,490 12.50 $ 175,774
Personal Property 0 0
Total Class II $ 140,619,490 $ 175,774
CLASS IV
Real Estate $ 113,050,170 25.00 $ 282,625
Personal Property 44,128,498 110,321
Public Utility 10,307,999 25,770
Total Class IV $ 167,486,667 $ 418,717
Total Value & Projected Revenue $ 308,106,157 $ 594,491
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00% 17,835
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00% 5,767
Net Amount to be Raised by Levy for Budget Purposes $ 570,890
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 19th day of March, 2024.