Source: April 17, 2015 Read More →

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 Hendricks, 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:

REVENUE SOURCE
Unassigned Fund Balance 47,000
Property Taxes – Current Expense 22,499
Gas & Oil Severance Tax 300
Excise Tax on Utilities 6,000
Building Permit Fees 50
Franchise Fees 300
IRP Fees (Interstate Registration Plan) 1,600
Municipal Service Fees 16,000
Gaming Income 10,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 103,749

COAL SEVERANCE TAX FUND

REVENUE SOURCE
Assigned Fund Balance $ 300
Coal Severance Tax 900
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 1,200

General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 4,800 –
City Council 3,000 –
Recorder’s Office 4,800 –
City Attorney 300 –
Custodial 1,400 –
Regional Development Authority 250 –
Elections 700 –
City Hall 16,999 –
Internal Audit 2,000 –
Contingencies 600 –
Streets and Highways 6,000 –
Snow Removal 2,000 –
Street Cleaning – 1,200
Garbage Department 17,000 –
Parks & Recreation 3,500 –
Beautification Programs 400 –
Capital Projects – General Government 40,000 –
TOTAL ESTIMATED EXPENDITURES $ 103,749 $ 1,200

MUNICIPALITY OF Hendricks, WEST VIRGINIA
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 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0

CLASS II
Real Estate $ 2,728,650 25.00 $ 6,822
Personal Property 15,684 39
Total Class II $ 2,744,334 $ 6,861

CLASS IV
Real Estate $ 1,307,780 50.00 $ 6,539
Personal Property 1,889,999 9,450
Public Utility 312,100 1,561
Total Class IV $ 3,509,879 $ 17,550

Total Value & Projected Revenue $ 6,254,213 $ 24,411

Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,221
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 464
Less Allowance for Tax Increment Financing (if Applicable) 0

Total Projected Property Tax Collection $ 22,726

Less Assessor Valuation Fund 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 227
(Subtracted from regular current expense taxes levied only)

Net Amount to be Raised by Levy of Property Taxes $ 22,499

STATE OF WEST VIRGINIA

COUNTY OF Tucker
MUNICIPALITY OF Hendricks

I, April R. Miller, 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 27th day of March, 2015.

April R. Miller
Recorder
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