FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
LEVY ESTIMATE – BUDGET DOCUMENT
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 $ 200,000
Property Taxes – Current Expense 972,879
Prior Year Taxes 48,315
Aupplemental Taxes 15,260
Tax Penalties, Interest & Publication Fees 6,100
Gas & Oil Severance Tax 10,000
Excise Tax on Utilities 288,000
Business and Occupation Tax 1,153,000
Wine & Liquor Tax 120.000
Animal Control Tax 1,600
Hotel Occupancy Tax 170,000
Fines, Fees & Court Costs 82,800
Parking Violations 6,,000
Regional Jail Operations Partial Reimbursement 500
Licenses 25,000
Building Permit Fees 25,600
Miscellaneous Permits 200
Franchise Fees 98,000
IRP Fees (Tinterstate Registration Plan) 30,000
Municipal Service Fees 2,200
Parking Metoer Revenues 5,000
Off Street Parking 14,000
Rents, Royalties, and Concessions 25,000
Special Assessments 2,500
Fire Protection Fees 640,913
Charges to Other Funds 411,588
Payment in Lieu of Taxes 10,000
Gaming Income 14,000
Interest Earned on Investments 1,500
Reimbursements 9,000
Refunds 6,000
Filing Fees 100
Accident Reports 2,000
Video Lottery (LVL) 20,000
Miscellaneous Revenues 4,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 4,421,055
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fune Balance $ 201,447
Coal Severance Tax 10,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 211,447
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 74,993 –
City Council 70,542 –
Treasurer’s Office 237,137 –
City Clerk’s Office 74,231 –
Police Judge’s Office 130,494 –
Community Development (Housing) 34,830 –
Custodial 110,706 –
Regional Development Authority 7,094 –
Planning & Zoning 200 –
Elections 13,900 –
City Hall 186,245 –
Public Works Department 115,540 –
Public Grounds 10,500 –
Complaint Department 65,479 –
Police Department 1,137,838 –
Police-Special Duty 72,282 –
Fire Department 640,913 10,000
Dog Warden/Humane Society 7,200 –
Streets and Highways 822,686 –
Signs and Signals 15,500 –
Snow Removal 17,000 –
Central Garage 132,445 –
Airports 19,000 –
Public Transit 14,000 –
Local Health Department 4,000 –
Parks & Recreation 225,000 –
Visitors Bureau 85,000 –
Civic Center – Municipal Auditorium 77,300 –
Library 19,000 –
Capital Projects – Public Safety – 201,447
TOTAL ESTIMATED EXPENDITURES $ 4,421,055 $ 211,447
MUNICIPALITY OF ELKINS, 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 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 105,993,670 25.00 $ 264.984
Personal Property 267.480 669
Total Class II $ 106,261,150 $ 265,653
CLASS IV
Real Estate $ 92,645,200 50.00 $ 463,226
Personal Property 50,922,586 254,613
Public Utility 16,563,341 82,817
Total Class IV $ 160,131,127 $ 800,656
Total Value & Projected Revenue $ 266,392,277 $ 1,066,309
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 53,315
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 20,260
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 992,734
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 19,855
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 972,879
STATE OF WEST VIRGINIA
COUNTY OF Randolph
MUNICIPALITY OF Elkins
I, Lucinda Barrick, 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 22nd day of March, 2016.
Lucinda Barrick
Acting City Clerk
3/29, 4/5