FISCAL YEAR JULY 1, 2016- JUNE 30, 2017
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF West Liberty, 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 Committed Fund Balance 66,000
Unassigned Fund Balance 59,481
Property Taxes – Current
Expense 31,933
Gas & Oil Severance Tax 5,500
Excise Tax on Utilities 25,000
Fines, Fees & Court Costs 17,500
Parking Violations 300
IRP Fees (Interstate Registration
Plan) 18,000
Rents, Royalties and Concessions 23,000 Other Grants 2,500
Gaming Income 17,500 Interest Earned on Investments 75 Refunds 100 Video Lottery (LVL) 15,000
Miscellaneous Revenue 700
TOTAL ESTIMATED
REVENUE (GENERAL
FUND) $281,789
COAL SEVERANCE
TAX FUND
REVENUE SOURCE
Assigned Fund Balance $26,508 Coal Severance Tax 4,000 Interest Earned on Investment 20
TOTAL ESTIMATED REVENUE (Coal Severance Fund) $30,528
Coal General Severance
ESTIMATED CURRENT Fund Fund
EXPENDITURES
Mayor’s Office 3,600
City Council 6.000
Recorder’s Office 1,200
Treasurer’s Office 4,500 City Clerk’s Office 4,500
Police Judge’s Office 1,200
City Attorney 3,000
Regional Development Authority 1,200
Elections 2,000
City Hall 149,839 30,528 Other Buildings 1,000
Internal Audit 3,000 Police Department 35,000 Streets & Highways 47,750
Street Lights 10,000
Signs & Signals 1,000
Snow Removal 2,000 Parks & Recreation 3,000
Fair Associations/Festivals 3,000
TOTAL ESTIMATED
EXPENDITURES $281,789 30,528
MUNICIPALITY OF West Liberty, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
Certificate of Valuation
Assessed Value Levy Taxes
For Tax Purposes Rate/$100 Levied
Class I
Personal Property $ 0 11.66 0 Public Utility 0 0
Total Class I $ 0 0
Class II
Real Estate $3,957,610 23.32 9,229
Personal Property 26,370 61
Total Class II $3,983,980 9,290
Class IV
Real Estate 3,218,660 46.64 15,012
Personal Property 946,138 4,413
Public Utility 1,347,451 6,285
Total Class IV 5,512,249 25,710
TOTAL VALUE &
PROJECTED
REVENUE $9,496,229 35,000
Less Delinquencies,
Exonerations,
& Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,750
Less Tax Discounts
(use Total Projected Revenue
to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 665 Less Allowance for Tax
Increment Financing
(if Applicable) 0 Total Projected Property
Tax Collection $32,585
Less Assessor Valuation
Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 652
(Subtracted from regular
current expense taxes levied only)
Net Amount to be Raised by
Levy of Property Taxes $31,933
STATE OF WEST VIRGINIA
COUNTY OF, OHIO
MUNICIPALITY OF, WEST LIBERTY, WEST VIRGINIA
I, Melanie D. Stewart, 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
23rd day of March, 2016
Melanie D. Stewart
Town Clerk/Town Treasurer
Official Title of Recording Officer
Int. April 11, 18, 2016
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