Randolph

FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016 LEVY ESTIMATE – BUDGET DOCUMENT

FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
LEVY ESTIMATE – BUDGET DOCUMENT

STATE OF WEST VIRGINIA
MUNICIPALITY OF TOWN OF WOMELSDORFF (COALTON), WEST VIRGINIA

In accordance with Code section 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:

General Coal Severance
Fund Fund
REVENUE SOURCE
Property Taxes – Current Expense 11,428 –
Supplemental Taxes 10 –
Gas & Oil Severance Tax 350 –
Excise Tax on Utilities 710 –
Building Permit Fees 65 –
IRP Fees (Interstate Registration Plan) 2,675 –
Gaming Income 16,500 –
Video Lottery (LVL) 715 –
Coal Severance Tax – 1,500
TOTAL ESTIMATED REVENUE $ 32,453 $ 1,500

ESTIMATED CURRENT EXPENDITURES
Regional Development Authority 150 –
City Hall 25,000 –
Contributions / Transfers to Other Funds 6,000 –
Street and Highways 1,303 –
Fair Associations/Festivals – 1,500
TOTAL ESTIMATED EXPENDITURES $ 32,453 $ 1,500

MUNICIPALITY OF TOWN OF WOMELSDORFF (COALTON), WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2014 – JUNE 30, 2015

Certificate
Of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property 0 12.11 0
Public Utility 0 0
Total Class I 0 0

CLASS II
Real Estate 2,025,620 24.22 4,906
Personal Property 15,304 37
Total Class II $ 2,040,924 $ 4,943

CLASS IV
Real Estate 616,900 48.44 2,988
Personal Property 607,901 2,945
Public Utility 340,488 1,649
Total Class IV $ 1,565,289 $ 7,582
Total Value & Projected Revenue $ 3,606,213 $ 12,525

Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 626
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 238
Less Allowance for Tax Increment Financing (if Applicable) 0

Total Projected Property Tax Collection $ 11,661
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 233
(Subtracted from regular current expense taxes levied only)

Net Amount to be Raised by Levy of Property Taxes $ 11.428

STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF WOMELSDORFF (COALTON)

I, CAROL SILVESTER, 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 28th day of March, 2015.
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