LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF Capon Bridge, 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 62,000
Property Taxes – Current Expense 71,923
Tax Loss Restoration 1,800
Gas & Oil Severance Tax 700
Excise Tax on Utilities 13,500
Wine & Liquor Tax 1,200
Fines, Fees & Court Costs 25,000
Licenses 6,200
Building Permit Fees 200
IRP Fees (Interstate Registration Plan) 2,300
Police Protection Fees 11,000
Charges to Other Entities 22,000
Payroll Reimbursements 15,000
Gaming Income 15,000
Interest Earned on Investments 200
Accident Reports 10
Video Lottery (LVL) 500
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TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 248,533
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COAL SEVERANCE TAX FUND
REVENUE SOURCE
Coal Severance Tax 825
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TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 825
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ESTIMATED CURRENT EXPENDITURES
Insurance Program (Self Insured) 14,000 –
Mayor’s Office 6,000 –
City Council 4,500 –
Recorder’s Office 1,680 –
Treasurer’s Office 1,300 –
City Clerk’s Office 1,400 –
Police Judge’s Office 1,700 –
City Attorney 2,000 –
City Auditor 4,500 –
Purchasing Department 10,000 –
Custodial 1,500 –
Regional Development Authority 150
Elections 2,500 –
City Hall 8,500 –
Electrical Services 3,500 –
Police Department 177,203 825
Streets and Highways 3,000 –
Street Lights 3,100 –
Snow Removal 1,000 –
Garbage Department 400 –
Water & Sewer 600 –
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TOTAL ESTIMATED EXPENDITURES $ 248,533 $ 825
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MUNICIPALITY OF Capon Bridge, WEST VIRGIINA
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 11.31 $ 0
Public Utility 0 0
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Total Class I $ 0 $ 0
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CLASS II
Real Estate $ 8,529,130 22.62 $ 19,293
Personal Property 119,040 269
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Total Class II $ 8,648,170 $ 19,562
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CLASS IV
Real Estate $ 7,487,390 45.24 $ 33,873
Personal Property 2,502,033 11,319
Public Utility 3,111,708 14,077
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Total Class IV $ 13,101,131 $ 59,269
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Total Value &
Projected Revenue $ 21,749,301 $ 78,831
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Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 3,942
Less Tax Discounts (use Total Projected
Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,498
Less Allowance for Tax Increment Financing (if Applicable) 0
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Total Projected Property Tax Collection $ 73,391
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Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,468
(Subtracted from regular current expense
taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 71,923
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STATE OF WEST VIRGINIA
COUNTY OF HAMPSHIRE
MUNICIPALITY OF Town of Capon Bridge, Inc.
I, Dorinda Strother, 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 10th day of March, 2015.
Dorinda L. Strother
Recorder
4-29-2c
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