FISCAL YEAR JULY 1, 2017 – JUNE 30, 2018
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF PARKERSBURG, WEST VIRGINIA
In accordance with Code Π11-8-14, 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 51,416
Property Taxes – Current Expense 3,634,237
Prior Year Taxes 115,205
Supplemental Taxes 125,000
Property Taxes – Excess Levy 1,856,935
Tax Penalties, Interest & Publication Fees 24,000
Gas & Oil Severance Tax 40,500
Business and Occupation Tax 8,350,000
Wine & Liquor Tax 325,000
Hotel Occupancy Tax 330,260
Amusement Tax 300
Sales Tax 5,498,000
Fines, Fees & Court Costs 311,764
Parking Violations 1,050
Licenses 67,880
Building Permit Fees 150,000
Miscellaneous Permits 123,500
IRP Fees (Interstate Registration Plan) 135,713
Refuse Collection 2,364,000
Police Protection Fees 834,000
Fire Protection Fees 1,620,000
Floodwall Fees 82,800
Charges for Services 165,580
Federal Government Grants 218,371
State Government Grants 134,392
Contributions from Other Entities 27,110
Contributions from other Funds 1,079,223
Charges to Other Funds 50,000
Gaming Income 13,500
Capital Lease Revenues 228,000
Interest Earned on Investments 25,000
Reimbursements (Explain type of funds 85 amounts being transfe 394,603
Sale of Fixed Assets 2,000
Sale of Materials 80,124
Video Lottery (LVL) 191,760
Miscellaneous Revenues 124,250
TOTAL ESTIMATED REVENUE (GENERAL FUND) $28,775,473
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Coal Severance Tax 60,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 60,000
General Fund Coal Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Civil Service 28,000 —
Mayorás Office 186,228 —
City Council 133,518 —
Finance Office 1,307,545 —
City Clerkás Office 52,609 —
Police Judgeás Office 102,842 —
City Attorney 170,557 —
Engineering 328,929 —
Community Development (Housing) 406,866 —
Personnel Office 160,899 —
Contributions to Comms/Authorities 61,733 —
Regional Development Authority 12,056 —
Building Inspection 507,992 —
City Hall 471,164 —
Contributions / Transfers to Other Funds 542,500 60,000
Public Works Department 237,303 —
Market House 25,100 —
Contingencies 50,000 —
Police Department 7,535,408 —
Fire Department 6,742,828 —
Flood Control/ Soil Conservation 177,066 —
Streets and Highways 1,287,461 —
Street Lights 915,909 —
Central Garage 590,285 —
Street Cleaning 648,829 —
Public Transit 1,856,935 —
Grants 138,349 —
Garbage Department 2,217,593 —
Local Health Department 59,520 —
Storm Sewer 255,000 —
Parks & Recreation 1,097,204 —
Visitors Bureau 165,130 —
Fair Associations/Festivals 18,667 —
Civic Promotions 45,000 —
Library 229,735 —
Grants 3,713 —
Social Services 5,000 —
TOTAL ESTIMATED EXPENDITURES $28,775,473 $ 60,000
MUNICIPALITY OF PARKERSBURG, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2017 – JUNE 30, 2018
Certificate of Valuation
Assessed Values 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 $450,986,140 25.00 $1,127,465
Personal Property 153,240 383
Total Class II $451,139,380 $1,127,848
CLASS IV
Real Estate $305,077,170 50.00 $1,525,386
Personal Property 202,220,027 1,011,100
Public Utility 63,118,114 315,591
Total Class IV $570,415,311 $2,852,077
Total Value & Projected Revenue $1,021,554,691 $3,979,925
Less Delinquencies, Exonerations & UncollectableTaxes 4.75{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 189,046
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 75,818
Less Allowance for Tax Increment Financing (if Applicable) 6,656
Total Projected Property Tax Collection $3,708,405
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 74,168
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 3,634,237
MUNICIPALITY OF PARKERSBURG, WEST VIRGINIA
EXCESS LEVY – MASS TRANSIT
FISCAL YEAR JULY 1, 2017 – JUNE 30, 2018
Certificate of Valuation
Assessed Values 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 $450,986,140 12.50 $ 563,733
Personal Property 153,240 192
Total Class II $451,139,380 $ 563,925
CLASS IV
Real Estate $305,077,170 25.00 $762,693
Personal Property 202,220,027 505,550
Public Utility 63,118,114 157,795
Total Class IV $570,415,311 $1,426,038
Total Value & Projected Revenue $1,021,554,691 $1,989,963
Less Delinquencies, Exonerations & UncollectableTaxes 4.75{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 94,523
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 37,909
Net Amount to be Raised by Levy for Budget Purposes $1,857,531
STATE OF WEST VIRGINIA
COUNTY OF WOOD
MUNICIPALITY OF PARKERSBURG
I, Connie Shaffer, 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, 2017.
/s/: Connie Shaffer
CITY CLERK
Mar 31, Apr 7