Source: May 6, 2015 Read More →

FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016

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
————–
TOTAL ESTIMATED REVENUE (GENERAL FUND)    $    248,533
————–
————–

COAL SEVERANCE TAX FUND

REVENUE SOURCE
Coal Severance Tax    825
————-
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND)        $        825
————-
————-

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    –
—————    ————
TOTAL ESTIMATED EXPENDITURES    $ 248,533    $     825
—————    ————
—————    ————

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
——————–        —————–
Total Class I    $                   0        $              0
——————–        —————–
——————–           —————–
CLASS II
Real Estate    $    8,529,130    22.62               $     19,293
Personal Property    119,040        269
——————–        —————
Total Class II    $    8,648,170        $     19,562
———————        —————
———————        —————

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
———————-        ——————
Total Class IV      $  13,101,131        $     59,269
———————-        ——————
———————-        ——————
Total Value &
Projected Revenue    $ 21,749,301        $     78,831
———————        ——————
———————        ——————

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
—————-

Total Projected Property Tax Collection            $    73,391
—————-

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
—————
—————
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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