FISCAL YEAR JULY 1, 2019- JUNE 30, 2020
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF RIVESVILLE, WEST VIRGINIA
In accordance with Code §11-8-14, as amended, the Council proceeded to make an estimate of the amounts necessary to be raised by the 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 $20,000
Property Taxes – Current Expense 80,469
Prior Year Taxes 180
Tax Loss Restoration 480
Tax Penalties, Interest & Publication Fees 1,100
Gas & Oil Severance Tax 1,250
Excise Tax on Utilities 56,000
Business and Occupation Tax 58,400
Wine & Liquor Tax 400
Fines, Fees & Court Costs 16,500
Licenses 480
Building Permit Fees 475
IRP Fees (Interstate Registration Plan) 6,600
Dog Pound Fees 75
Parks & Recreation 10,000
Rents, Royalties, and Concessions 12,000
Refuse Collection 105,000
Police Protection Fees 55,000
Fire Protection Fees 26,200
Gaming Income 11,500
Interest Earned on Investments 20
Video Lottery (LVL) 5,300
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 467,429
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 2,400
Interest Earned on Investment –
TOTAL ESTIMATED REVENUE $ 2,910
(COAL SEVERANCE FUND)
ESTIMATED CURRENT EXPENDITURES
COAL
GENERAL SEVERANCE
FUND FUND
Mayor’s Office $4,350
City Council 6,000
Recorder’s Office 15,000
Treasurer’s Office 5,000
City Clerk’s Office 32,000
City Attorney 3,500
City Auditor 8,000
Printing 5,000
Custodial 1,800
Regional Development Authority 200
Elections 1,200
City Hall 137,299 2,910
Other Buildings 6,000
Police Department 52,000
Fire Department 27,000
Dog Warden / HUmane Society 900
Fire Hydrants 4,800
Juvenile Justice Diversion Program 130
Street and Highways 20,600
Street Lights 18,300
Snow Removal 2,500
Street Construction 10,000
Street Cleaning 3,000
Garbage Department 62,250
Landfill/Incinerator Department 27,000
Parks & Recreation 8,500
Fair Associations/Festivals 4,500
Beautification Programs 600
TOTAL ESTIMATED
EXPENDITURES: $467,429 $2,910
MUNICIPALITY OF RIVESVILLE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2019 – JUNE 30, 2020
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
For tax Purposes
Class II
Real Estate $15,138,830 25.00 $37,847
Personal Property 0 0
Total Class II $15,138,830 $37,847
Class IV
Real Estate $ 3,612,790 50.00 $18,064
Personal Property 3,126,015 15,630
Public Utility 3,528,440 17,642
Total Class IV $10,267,245 $51,336
Total Value & Projected
Revenue $ 25,406,075 $ 89,183
Less Delinquencies, Exonerations,
& Uncollectable Taxes 6.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} . . . . . . . . 5,351
Less Tax Discounts 2.50{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} . . . . . . . . 2,096
Less Allowance for Tax Increment Financing 0
Total Projected Property Tax Collection . . . . . . . . $ 81,736
Less Assessor Valuation Fund 1.55{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} . . . . . . . . 1,267
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 80,469
STATE OF WEST VIRGINIA
COUNTY OF MARION
MUNICIPALITY OF TOWN OF RIVESVILLE
I Barb Beatty, 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 aid municipality on the 25th day of March 2019.
Barb Beatty
Recorder
Times: April 1, 8, 2019