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
Property Taxes – Current Expense 12,107
Gas & Oil Severance Tax 310
Excise Tax on Utilities 2,520
Licenses 250
Building Permit Fees 50
IRP Fees (Interstate Registration Plan) 4,630
Contributions from Other Entities 3,700
Gaming Income 16,000
Video Lottery (LVL) 270
Miscellaneous Revenues 65
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 39,902
ESTIMATED CURRENT EXPENDITURES
Regional Development Authority 150 –
City Hall 15,152 –
Contributions / Transfers to Other Funds 24,600 –
Streets and Highways – –
TOTAL ESTIMATED EXPENDITURES $ 39,902 $ –
MUNICIPALITY OF HARMAN, 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 $ 0 $ 0
CLASS II
Real Estate $ 1,160,250 25.00 $ 2,901
Personal Property 15,018 38
Total Class II $ 1,175,268 $ 2,939
CLASS IV
Real Estate $ 855,970 50.00 $ 4,280
Personal Property 595,301 2,977
Public Utility 614,862 3,074
Total Class IV $ 2,066,133 $ 10,331
Total Value & Projected Revenue $ 3,241,401 $ 13,270
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 664
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 252
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 12,354
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 247
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 12,107
STATE OF WEST VIRGINIA
COUNTY OF Randolph
MUNICIPALITY OF Harman
I, Patty Teter, 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 24th day of March, 2016.
Patty Teter
Recorder
3/31, 4/7