FISCAL YEAR JULY 1, 2016- JUNE 30, 2017
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF Triadelphia, West Virginia
In accordance with Code Section 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 33,000
Property Taxes – Current Expense 88,020
Gas & Oil Severance Tax 2,000
Excise Tax on Utilities 45,000
Business and Occupation Tax 120,000
Animal Control Tax 200
Fines, Fees and Court Costs 5,000
Licenses 4,000
Building Permit Fees 1,000
Franchise Fees 25,000
IRP Fees (Interstate Registration Plan) 40,000
Rents, Royalties, and Concessions 14,400
Fire Protection Fees 3,000
Transfers from Rainy Day Fund 53,817
Gaming Income 18,000
Interest Earned on Investments 50
Video Lottery (LVL) 10,000
Miscellaneous Revenue 4,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 466,487
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 10,317
Coal Severance Tax 2,500
Interest Earned on Investments 10
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 12,827
General Coal Severance
ESTIMATED CURRENT Fund Fund
EXPENDITURES
Mayor’s Office 3,580
City Council 4,525
Recorder’s Office 4,191
Treasurer’s Office 1,938
City Clerk’s Office 58,843 1,350
Police Judge’s Office 600
City Attorney 11,000
Regional Development Authority 400
City Hall 82,921
Police Department 97,626
Fire Department 1,300
Streets & Highways 119,667
Street Lights 13,000
Capital Projects –
Public Safety 2,000
Capital Projects –
Street and Transportation 61,896 11,477
Capital Projects –
Culture and Recreation 3,000
TOTAL ESTIMATED
EXPENDITURES $466,487 $12,827
MUNICIPALITY OF Triadelphia, WEST VIRGINIA
REGULAR CURRENT EXPENSE LEVY
FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
Certificate of Valuation
Assessed Value for Levy Rate/ Taxes
Tax Purposes $100 Levied
Class I
Personal Property 0 12.50 0
Public Utility 0 0
Total Class I 0 0
Class II
Real Estate $5,420,130 25.00 $13,550
Personal Property 162,660 407
Total Class II $5,582,790 $13,957
Class IV
Real Estate $7,857,420 50.000 $39,287
Personal Property 6,251,117 31,256
Public Utility 2,394,578 11,973
Total Class IV $16,503,115 $82,516
TOTAL VALUE &
PROJECTED REVENUE $22,085,905 $96,473
Less Delinquencies,
Exonerations, &
Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,824
Less Tax Discounts
(use Total Project
Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,833
Less Allowance for Tax
Increment Financing (if Applicable) 0
Total Projected Property
Tax Collection $89,816
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,796
(Subtracted from regular
current expense taxes
levied only)
Net Amount to be Raised by
Levy of Property Taxes
$ 88,020
State Of West Virginia
County Of Ohio
Municipality Of Triadelphia
I, Neal Carr, 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 16th day March, 2016.
Neal K Carr
Recorder
Int., Mar. 31, 2016
Int. Apr. 7, 2016
N.R. Mar. 31, 2016
N.R. Apr. 7, 2016
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