Legal 3×11-1/2”
0406 0413
FISCAL YEAR JULY 1, 2019 – JUNE 30, 2020
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF FALLING SPRINGS (RENICK), 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 48,470
Property Taxes – Current Expense 12,010
Gas & Oil Severance Tax 250
Excise Tax on Utilities 2,298
Wine & Liquor Tax 70
Animal Control Tax 10
Licenses 150
IRP Fees (Interstate Registration Plan) 4,700
Parks & Recreation 400
State Government Grants 500
Gaming Income 17,000
Video Lottery (LVL) 720
Miscellaneous Revenues 500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 87,078
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 173
Coal Severance Tax 317
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 490
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 1,350 –
City Council 2,250 –
Recorder’s Office 2,250 –
City Attorney 5,000 –
Regional Development Authority 150 –
City Hall 23,000 –
Other buildings 2,000 –
Fire Department 500 –
Dog Warden / Humane Society 500 –
Ambulance Authority 500 –
Streets and Highways 4,200 –
Snow Removal 3,850 350
Landfill / Incinerator Department 1,508 –
Parks & Recreation 10,000 –
Fair Associations / Festivals 6,000 –
Civic Promotions 800 140
Beautification Programs 2,220 –
Capital Projects – General Government 1,000 –
Capital Projects – Street and Transportation 20,000 –
TOTAL ESTIMATED EXPENDITURES $ 87,078 $ 490
MUNICIPALITY OF FALLING SPRINGS (RENICK), WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY l, 2019 – ,JUNE 30, 2020
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 $ 2,163,680 25.00 $ 5,409
Personal Property 6,048 15
Total Class II $ 2,169,728 $ 5,424
CLASS IV
Real Estate $ 807,480 50.00 $ 4,037
Personal Property 349,686 1,748
Public Utility 390,855 1,954
Total Class IV $ 1,448,021 $ 7,739
Total Value & Projected Revenue $ 3,717,749 $ 13,163
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 658
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 250
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 12,255
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 245
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 12,010
STATE OF WEST VIRGINIA
COUNTY OF Greenbrier
MUNICIPALITY OF Corporation of Falling Springs
I, Melinda L. Workman, 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 25th day of March, 2019.
Melinda L. Workman
(Signature)
Recorder
(Official Title of Recording Officer)