FISCAL YEAR JULY 1, 2019- JUNE 30, 2020
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 Assigned Fund Balance 36,891
Property Taxes – Current
Expense 32,861
Gas & Oil Severance 2,000
Excise Tax on Utilities 12,000
Fines, Fees & Court Costs 4,000
Parking Violations 100
IRP Fees (Interstate Registration Plan) 5,000
Rents Royalties, Concessions 6,500
Grant 100
Gaming Income 12,500 Interest on Investments 25 Refund and Rebates 250 Video Lottery 15,000
Miscellaneous Revenues 2,325
129,552
Coal Severance Tax Fund
Revenue Resource
Assigned Fund Balance 31,348 Coal Severance Tax 3,500 Interest Earned on Investment 15
Total Estimate Revenue Coal Severance Fund 34,863
Coal Severance
Estimated Current Fund
Expenditures
Custodial 1,500
Regional Development Authority 586 –
Elections 2,000 –
City Hall 48,361 34,863
Police Department 30,000 –
Fire Fee Distribution 325 –
Street and Highways 12,000 Street Lights 6,500 Signs-Signals 1,000
Snow Removal 600
Street Construction 17,000
Sidewalks 1,000
Garbage Department 480
Playgrounds 4,000
Grants-Culture and Recreation 200
Cemetries 4,000
Total Estimated Expenditures 129,552 34,863
MUNICIPALITY OF West Liberty, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2019 – JUNE 30, 2020
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 $4,253,980 25.00 10,635
Personal Property 27,618 69
Total Class II $4,281,598 10,704
Class IV
Real Estate $3,092,200 50.00 $15,461
Personal Property $767,909 $3,840
Public Utility $1,202,472 $6,012
Total Class IV $5,062,581 $25,313
Total Value & Projected
Revenue $9,344,179 $36,017
Less Delinquencies,
Exonerations,
& Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 743
Less Tax Discounts
(use Total Projected Revenue
to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 282 Less Allowance for Tax
Increment Financing
(if Applicable) 0 Total Projected Property
Tax Collection $13,838
Less Assessor Valuation
Fund 1.75{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 242
(Subtracted from regular
current expense taxes levied only)
Net Amount to be Raised by
Levy of Property Taxes $13,596
STATE OF WEST VIRGINIA
COUNTY OF, OHIO
MUNICIPALITY OF, WEST LIBERTY, WEST VIRGINIA
Kristina Barnes, Recording Officer of said municipality, do hereby certify
that the forgoing are true copies from the record of the orders made and entered
by the council of the said municipality on the 21 day of March, 2019.
Kristina Barnes
Town Recorder
N.R. April 24, 2019