FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF RUPERT, 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 $ 25,000
Property Taxes – Current Expense 66,129
Tax Loss Restoration 5,500
Gas & Oil Severance Tax 2,050
Excise Tax on Utilities 30,000
Wine & Liquor Tax 250
Animal Control Tax 250
Sales Tax 60,000
Fines, Fees & Court Costs 65,000
Licenses 4,000
Building Permit Fees 1,000
Miscellaneous Permits 200
Franchise Fees 10,000
IRP Fees (Interstate Registration Plan) 5,000
Parks & Recreation 3,000
Gaming Income 30,000
Interest Earned on Investments 200
Reimbursements 9,000
Video Lottery (LVL) 3,600
Miscellaneous Revenuse 200
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 320,379
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 3,000
Interest Earned on Investment 10
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 3,510
Coal
General Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES Mayor’s Office $ 4800 $
City Council 1200
Recorder’s Office 1200
City Clerk’s Office 80,000
City Attorney 1,000
City Auditor 3,200
Regional Development Authority 350
Elections 2,000
City Hall 70,000
Contributions / Transfers to Other Funds 12,000
Police Department 80,000
Fire Hydrants 3,834
Streets and Highways 45,445 3,510
Street Lights 7,000
Snow Removal 800
Parks & Recreation 2,550
Beautification Programs 5,000
TOTAL ESTIMATED EXPENDITURES $ 320,379 $ 3,510
MUNICIPALITY OF RUPERT, 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 $ 8,986,320 25.00 $ 22,466
Personal Property 32,020 80
Total Class II $ 9,018,340 $ 22,546
CLASS IV
Real Estate $ 4,883,580 50.00 $ 24,418
Personal Property 3,493,745 17,469
Public Utility 1,609,316 8,047
Total Class IV $ 9,986,641 $ 49,934
Total Value & Projected Revenue $ 19,004,981 $ 72,480
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 3,624
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 1,377
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 67,479
Less Assessor Valuation Fund 2.00% 1,350
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 66,129
STATE OF WEST VIRGINIA
COUNTY OF GREENBRIER
MUNICIPALITY OF RUPERT
I, Barbara Nickell, 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 12th day of March, 2020.
Barbara Nickell (Signature)
Recorder
(Official Title of Recording Officer)
ID: 384144