Legal 3 col x 11-1/4”
0325 0401
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF DAVIS, 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 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 $ 146,339
Property Taxes – Current Expense 137,905
Gas & Oil Severance Tax 2,000
Excise Tax on Utilities 55,000
Wine & Liquor Tax 14,000
Animal Control Tax 250
Hotel Occupancy Tax 40,000
Licenses 6,000
Building Permit Fees 2,000
Franchise Fees 5,700
IRP Fees (Interstate Registration Plan) 18,000
Rents, Royalties and Concessions 200
Refuse Collection 52,000
Gaming Income 13,000
Reimbursements (Explain type of funds & amounts being transferred) 1,500
Refunds 500
Filing Fees 100
Video Lottery (LVL) 100
Miscellaneous Revenues 1,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 496,094
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 10,460
Coal Severance Tax 2,000
TOTAL ESTIMATED REVENUE $ 12,460
(COAL SEVERANCE FUND)
Coal
General Severance
ESTIMATED CURRENT EXPENDITURES Fund Fund
Mayor’s Office 600 –
Recorder’s Office 600 –
Regional Development Authority 759 –
Elections 2,000 –
City Hall 77,556 12,460
Streets and Highways 157,349 –
Street Lights 17,000 –
Central Garage 39,000 –
Garbage Department 101,225 –
Parks & Recreation 30,226 –
Visitors Bureau 30,000 –
Community Center 20,500 –
Arts & Humanities 5,000 –
Beautification Programs 5,000 –
Cemeteries 9,279 –
TOTAL ESTIMATED EXPENDITURES $ 496,094 $ 12,460
MUNICIPALITY OF DAVIS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
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 $ 13,700,820 25.00 $ 34,252
Personal Property 96,976 242
Total Class II $ 13,797,796 $ 34,494
CLASS IV
Real Estate $ 15,946,220 50.00 $ 79,731
Personal Property 4,383,701 21,919
Public Utility 2,771,461 13,857
Total Class IV $ 23,101,382 $ 115,507
Total Value & Projected Revenue $ 36,899,178 $ 150,001
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 7,500
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 2,850
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 139,651
Less Assessor Valuation Fund 1.25% 1,746
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 137,905
STATE OF WEST VIRGINIA
COUNTY OF Tucker
MUNICIPALITY OF Davis
I, Douglas Martin, 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 17th day of March, 2020.