Legal 3×13-3/4”
0314 0321
FISCAL YEAR JULY 1, 2107 – JUNE 30, 2019
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF DAVIS, 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 $ 76,162
Property Taxes – Current Expense 127,225
Gas & Oil Severance Tax 900
Excise Tax on Utilities 57,000
Wine & Liquor Tax 14,000
Animal Control Tax 250
Hotel Occupancy Tax 30,000
Licenses 6,000
Building Permit Fees 1,000
Franchise Fees 5,700
IRP Fees (Interstate Registration Plan) 22,000
Rents, Royalties and Concessions 200
Refuse Collection 52,000
Gaming Income 13,000
Reimbursements (Explain type of funds & amounts being transferred) 1,500
Refunds 500
Filing Fees 55
Video Lottery (LVL) 100
Miscellaneous Revenues 2,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 410,092
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 6,469
Coal Severance Tax 1,800
TOTAL ESTIMATED REVENUE $ 8,269
(COAL SEVERANCE FUND)
Coal
General Severance
ESTIMATED CURRENT EXPENDITURES Fund Fund
Mayor’s Office 600 –
Recorder’s Office 600 –
Regional Development Authority 660 –
Elections 2,000 –
City Hall 72,192 8,269
Streets and Highways 148,500 –
Street Lights 18,000 –
Central Garage 23,404 –
Garbage Department 91,225 –
Parks & Recreation 9,000 –
Visitors Bureau 18,500 –
Community Center 10,500 –
Arts & Humanities 4,411 –
Beautification Programs 1,500 –
Cemeteries 9,000 –
TOTAL ESTIMATED EXPENDITURES $ 410,092 $ 8,269
MUNICIPALITY OF DAVIS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2018 – JUNE 30, 2019
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 11.78 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 13,106,330 23.56 $ 30,879
Personal Property 100,614 237
Total Class II $ 13,206,944 $ 31,116
CLASS IV
Real Estate $ 16,352,090 47.12 $ 77,051
Personal Property 3,938,340 18,557
Public Utility 2,653,928 12,505
Total Class IV $ 22,944,358 $ 108,113
Total Value & Projected Revenue $ 36,151,302 $ 139,229
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 6,961
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 2,645
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 129,623
Less Assessor Valuation Fund 1.85{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 2,398
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 127,225
STATE OF WEST VIRGINIA
COUNTY OF Tucker
MUNICIPALITY OF Davis
I, Tina M. Lipscomb, 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 8th day of March, 2018.