Legal 3 col x 15”
0404 0411
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF RONCEVERTE, 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 41,622
Property Taxes – Current Expense 157,800
Property Taxes – Excess Levy 54,748
Property Taxes – Excess Levy 25,764
Gas & Oil Severance Tax 3,000
Excise Tax on Utilities 93,000
Business and Occupation Tax 28,000
Wine & Liquor Tax 1,000
Animal Control Tax 300
Hotel Occupancy Tax 50
Fines, Fees & Court Costs 19,000
Parking Violations 10
Licenses 2,200
Building Permit Fees 2,700
Miscellaneous Permits 100
Franchise Fees 9,000
IRP Fees (Interstate Registration Plan) 12,000
Cemetery Revenues 300
Parks & Recreation 1,350
Municipal Service Fees 225,700
Rents, Royalties and Concessions 45,000
Gaming Income 18,000
Interest Earned on Investments 150
Refunds 1,325
Accident Reports 400
Video Lottery (LVL) 11,500
Miscellaneous Revenues 500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 754,519
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 100
Coal Severance Tax 5,900
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 6,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 3,165 –
City Council 4,857 –
Recorder’s Office 2,267 –
City Manager’s Office 12,903 –
Police Judge’s Office 5,942 –
Regional Development Authority 800 –
Planning & Zoning 2,550 –
City Hall 30,601 –
Other buildings 34,795 –
Contingencies 40,520 –
Police Department 397,834 –
Fire Department 31,029 –
Streets and Highways 82,021 3,000
Street Lights 35,000 –
Parks & Recreation 38,396 3,000
Visitors Bureau 25 –
Library 6,050 –
Cemeteries 25,764 –
TOTAL ESTIMATED EXPENDITURES $ 754,519 $ 6,000
MUNICIPALITY OF RONCEVERTE, 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 $ 16,814,080 25.00 $ 42,035
Personal Property 0 0
Total Class II $ 16,814,080 $ 42,035
CLASS IV
Real Estate $ 10,962,190 50.00 $ 54,811
Personal Property 10,379,687 51,898
Public Utility 4,842,073 24,210
Total Class IV $ 26,183,950 $ 130,919
Total Value & Projected Revenue $ 42,998,030 $ 172,954
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 8,648
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 3,286
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 161,020
Less Assessor Valuation Fund 2.00% 3,220
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 157,800
MUNICIPALITY OF RONCEVERTE, WEST VIRGINIA
Excess Levy / Levies
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
Certificate of Valuation
Assessed Value Levy Taxe
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 $ 16,814,080 12.50 $ 21,018
Personal Property 0 0
Total Class II $ 16,814,080 $ 21,018
CLASS IV
Real Estate $ 10,962,190 25.00 $ 27,405
Personal Property 10,379,687 25,949
Public Utility 4,842,073 12,105
Total Class IV $ 26,183,950 $ 65,459
Total Value & Projected Revenue $ 42,998,030 $ 65,459
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 4,324
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,643
Net Amount to be Raised by Levy for Budget Purposes $ 80,510
STATE OF WEST VIRGINIA
COUNTY OF Greenbrier
MUNICIPALITY OF Ronceverte
I, Reba Mohler, 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 18th day of March, 2020.