FISCAL YEAR JULY 1, 2020- JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF West Liberty, WEST VIRGINIA
In accordance with Code Section 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 Nonspendable Fund Balance $ –
Unassigned Fund Balance 35,000
Property Taxes – Current
Expense 31,978
Tax Loss Restoration 1,000
Gas & Oil Severance 3,600
Excise Tax on Utilities 25,000
Fines, Fees & Court Costs 12,000
IRP Fees (Interstate Registration Plan) 6,000
Rents Royalties, Concessions 12,000
State Governement Grants 5,000
Other Grants 35,000
Gaming Income 12,500 Interest Earned on Investments 25 Refunds 250 Video Lottery (LVL) 19,000
Miscellaneous Revenues 2,500
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 200,853
Coal Severance Tax Fund
Revenue Resource
Assigned Fund Balance $ 1,000 Coal Severance Tax 4,500 Interest Earned on Investment 15
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 5,515
General Coal Severance Fund Fund ESTIMATED CURRENT EXPENDITURES
Mayor’s Officel 2,270 –
City Council 7,550 –
Recorder’s Office 2,270 –
Treasurer’s Office 8,700 300
City Clerk’s Office 13,740 –
Police Judge’s Office 1,000 –
City Attorney 6,000 – Custodial 10,995 – Regional Development Authority 600 –
Elections 2,000 –
City Hall 53,309 –
Police Department 57,419 –
Streets and Highways 10,000 5,215
Street Lights 6,000
Parks & Recreation 2,000 –
Beautification Programs 12,000 –
Cemeteries 5,000 –
TOTAL ESTIMATED EXPENDITURES 200,853 5,515
MUNICIPALITY OF West Liberty, 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 $ 4,178,810 25.00 $ 10,447
Personal Property 27,234 68
Total Class II $ 4,206,044 $ 10,515
Class IV
Real Estate $ 2,933,940 50.00 $ 14,670
Personal Property 867,962 4,340
Public Utility 1,104,797 5,524
Total Class IV $ 4,906,699 $ 24,534
Total Value & Projected
Revenue $ 9,112,743 $ 35,049
Less Delinquencies,
Exonerations,
& Uncollectable Taxes 5.00% 1,752
Less Tax Discounts
(use Total Projected Revenue
to calculate) 2.00% 666 Less Allowance for Tax
Increment Financing
(if Applicable) 0 Total Projected Property
Tax Collection $ 32,631
Less Assessor Valuation
Fund 2.00% 653
(Subtracted from regular
current expense taxes levied only)
Net Amount to be Raised by
Levy of Property Taxes $31,978
STATE OF WEST VIRGINIA
COUNTY OF, OHIO
MUNICIPALITY OF, WEST LIBERTY
I, KRISTINA BARNES, Recording Officer of said municipality, do hereby certify
that the forgoing are true copies from the record of the orders made and entered
by the council of the said municipality on the 21 day of April, 2020
Kristina Barnes
RECORDER
N.R. April 30. May 7, 2020