FISCAL YEAR JULY 1, 2020- JUNE 30, 2021
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 $2,588
Property Taxes – Current Expense 83,636
Tax Loss Restoration 2,560
Gas & Oil Severance Tax 2,219
Excise Tax on Utilities 35,000
Business and Occupation Tax 65,000
Wine & Liquor Tax 1,900
Fines, Fees & Court Costs 20,000
Licenses 500
Building Permit Fees 400
IRP Fees (Interstate Registration Plan) 9,445
Dog Pound Fees 50
Parks & Recreation 9,000
Rents, Royalties, and Concessions 13,743
Refuse Collection 107,000
Police Protection Fees 40,000
Fire Protection Fees 25,000
Gaming Income 7,600
Interest Earned on Investments 23
Video Lottery (LVL) 4,500
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 430,164
Assigned Fund Balance $ 300
Coal Severance Tax 2,,8400
Interest Earned on Investment 3
TOTAL ESTIMATED REVENUE $ 3,103
(COAL SEVERANCE FUND)
ESTIMATED CURRENT EXPENDITURES
COAL
GENERAL SEVERANCE
FUND FUND
Mayor’s Office $4,350
City Council 6,000
Recorder’s Office 7,000
Treasurer’s Office 504
City Clerk’s Office 22,880
Police Judge’s Office 750
City Attorney 5,000
City Auditor 10,000
Main Street Program 2,500
Rehabilitation of Property 4,000
Printing 5,000
Custodial 1,800
Regional Development Authority 200
Elections 1,200
City Hall 119,000 2,103
Other Buildings 6,000
Contingencies 2,000
Police Department 42,000
Fire Department 25,000
Dog Warden / Humane Society 900
Fire Hydrants 4,800
Juvenile Justice Diversion Program 130
Street and Highways 20,600
Street Lights 18,300
Signs and Signals 2,000
Snow Removal 2,500
Street Construction 8,000
Street Cleaning 3,000
Garbage Department 62,250
Landfill/Incinerator Department 33,000
Parks & Recreation 4,500
Fair Associations/Festivals 4,500 1,000
Beautification Programs 500
TOTAL ESTIMATED
EXPENDITURES: $430,164 $3,103
MUNICIPALITY OF RIVESVILLE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
For tax Purposes
Class I
Personal Property $0 12.50 0
Public Utility 0 0
Total Class I 0 0
Class II
Real Estate $15,850,320 25.00 $39,626
Personal Property 0 0
Total Class II $15,850,320 $39,626
Class IV
Real Estate $ 3,665,080 50.00 $18,325
Personal Property 3,333,219 16,666
Public Utility 3,615,106 18,076
Total Class IV $10,613,405 $53,067
Total Value & Projected
Revenue $ 26,463,725 $ 92,693
Less Delinquencies, Exonerations,
& Uncollectable Taxes 6.00% . . . . . . . . 5,562
Less Tax Discounts 2.50% . . . . . . . . 2,178
Less Allowance for Tax Increment Financing 0
Total Projected Property Tax Collection . . . . . . . . $ 84,953
Less Assessor Valuation Fund 1.55% . . . . . . . . 1,317
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 83,636
STATE OF WEST VIRGINIA
COUNTY OF MARION
MUNICIPALITY OF TOWN OF RIVESVILLE
I, Lauronza Harmon, 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 11th day of March 2020.
Lauronza Harmon
Recorder
Times: March