FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF ALDERSON, 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 a 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
Property Taxes – Current Expense $ 82,922
Property Taxes – Excess Levy 42,685
Gas & Oil Severance Tax 5,000
Excise Tax on Utilities 20,000
Business and Occupation Tax 20,000
Wine and Liquor Tax 15,000
Animal Control Tax 200
Hotel Occupancy Tax 100
Fines, Fees and Court Costs 13,000
Licenses 500
Building Permit Fees 1,000
Franchise Fees 10,000
IRP Fees (Interstate Registration Plan) 3,000
Municipal Service Fees 81,000
Rents and Concessions 8,500
Gaming Income 30,000
Refunds 1,800
Video Lottery (LVL) 5,000
Miscellaneous Revenues 5,046
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 344,753
COAL SEVERANCE FUND
REVENUE SOURCE
Coal Severance Tax $ 4,800
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 4,800
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office $ 1,510 $ –
City Council 650 –
Recorder’s Office 650 –
Police Judge’s Office 9,130 –
Regional Development Authority 450 –
Planning & Zoning 2,500 –
City Hall 35,750 –
Other Buildings 14,100 –
Contingencies 4,263 –
Police Department 143,550 –
Fire Department 24,500 –
Streets and Highways 70,050 4,800
Street Lights 19,200 –
Parks & Recreation 8,700 –
Visitors Bureau 500 –
Library 9,250 –
TOTAL ESTIMATED EXPENDITURES $ 344,753 $ 4,800
MUNICIPALITY OF ALDERSON
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
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 $ 11,875,110 25.00 $ 29,688
Personal Property 2,604 7
Total Class II $ 11,877,714 $ 29,695
Class IV
Real Estate $ 6,923,420 50.00 $ 34,617
Personal Property 3,037,030 15,185
Public Utility 2,833,801 14,169
Total Class IV $ 12,794,251 $ 63,971
Total Value &
Projected Revenue $ 24,671,965 $ 93,666
Less Delinquencies, Exonerations &
Uncollectable Taxes 6,557
Less Tax Discounts (use Total Projected Revenue to calculate) 1,742
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 85,367
Less Assessor Valuation Fund 1,708
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 83,659
MUNICIPALITY OF ALDERSON
Excess Levy / Levies
FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
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 $ 11,875,110 12.50 $ 14,844
Personal Property 2,604 3
Total Class II $ 11,877,714 $ 14,847
Class IV
Real Estate $ 6,923,420 25.00 $ 17,309
Personal Property 3,037,030 7,593
Public Utility 2,833,801 7,085
Total Class IV $ 12,794,251 $ 31,987
Total Value &
Projected Revenue $ 24,671,965 $ 46,834
Less Delinquencies, Exonerations &
Uncollectable Taxes 3,278
Less Tax Discounts (use Total Projected Revenue to calculate) 871
Net Amount to be Raised by Levy for Bduget Purposes $ 42,685
STATE OF WEST VIRGINIA
COUNTY OF GREENBRIER & MONROE
MUNICIPALITY OF ALDERSON
I, Betty Thomas, Recording Officer of said municipality, do hereby certify that the