Legal 3 col x 17-1/2”
0328 0404
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF LEWISBURG, 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
Restricted Fund Balance 1,500,000
Unassigned Fund Balance 1,836,362
Property Taxes – Current Expense 996,544
Property Taxes – Excess Levy 508,440
Gas & Oil Severance Tax 9,000
Excise Tax on Utilities 220,000
Business and Occupation Tax 864,000
Wine & Liquor Tax 145,000
Animal Control Tax 900
Hotel Occupancy Tax 630,000
Fines, Fees & Court Costs 50,000
Licenses 26,000
Building Permit Fees 65,000
Miscellaneous Permits 1,200
Franchise Fees 35,000
IRP Fees (Interstate Registration Plan) 80,000
Municipal Service Fees 438,000
Off Street Parking 240
Rents, Royalties and Concessions 15,300
Fire Protection Fees 269,200
Contributions from Other Entities 600
Gaming Income 20,000
Interest Earned on Investments 5,000
Reimbursements (Explain type of funds & amounts being transferred) 1,000
Recycling Program 3,200
Video Lottery (LVL) 13,500
Miscellaneous Revenues 25,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 7,758,486
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ –
Coal Severance Tax 10,000
Interest Earned on Investment –
Reimbursements –
Refunds –
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 10,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 27,084 –
City Council 11,000 –
Recorder’s Office 17,650 –
City Manager’s Office 49,947 –
Treasurer’s Office 42,747 –
Police Judge’s Office 45,363 –
City Attorney 32,000 –
City Auditor 8,000 –
Engineering 106,971 –
Rehabilitation of Property 26,000 –
Regional Development Authority 1,500 –
Building Inspection 65,628 –
Planning & Zoning 139,360 –
Elections 25,868 –
City Hall 895,212 –
Other buildings 6,000 –
Contributions / Transfers to Other Funds 500,000 –
Parking 2,800 –
Contingencies 500,000 –
Police Department 1,870,005 –
Fire Department 1,131,099 –
Fire Fee Distribution 308,201 –
Streets and Highways 663,549 –
Snow Removal 41,689 –
Sidewalks 121,458 –
Public Transit 3,000 –
Recycling Center 64,464 –
Storm Sewer 127,198 –
Parks & Recreation 389,986 10,000
Visitors Bureau 315,000 –
Arts & Humanities 50,000 –
Library 62,800 –
Beautification Programs 106,907 –
TOTAL ESTIMATED EXPENDITURES $ 7,758,486 $ 10,000
MUNICIPALITY OF LEWISBURG, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY l, 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 $ 123,373,630 25.00 $ 308,434
Personal Property 0 0
Total Class II $ 123,373,630 $ 308,434
CLASS IV
Real Estate $ 97,913,630 50.00 $ 489,568
Personal Property 41,831,720 209,159
Public Utility 10,352,111 51,761
Total Class IV $ 150,097,461 $ 750,487
Total Value & Projected Revenue $ 273,471,091 $ 1,058,921
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00% 31,768
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00% 10,272
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 1,016,882
Less Assessor Valuation Fund 2.00% 20,338
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 996,545
MUNICIPALITY OF LEWISBURG, WEST VIRGINIA
Excess Levy / Levies
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 6.25 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 123,373,630 12.50 $ 154,217
Personal Property 0 0
Total Class II $ 123,373,630 $ 154,217
CLASS IV
Real Estate $ 97,913,630 25.00 $ 244,784
Personal Property 41,831,720 104,579
Public Utility 10,352,111 25,880
Total Class IV $ 150,097,461 $ 375,244
Total Value & Projected Revenue $ 273,471,091 $ 529,461
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00% 15,884
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00% 5,136
Net Amount to be Raised by Levy for Budget Purposes $ 508,441
STATE OF WEST VIRGINIA
COUNTY OF Greenbrier
MUNICIPALITY OF Lewisburg
I, Shannon 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 said municipality on the 17th day of March, 2020.