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 VIENNA, 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                                                              $   531,381

Property Taxes – Current Expense                                                     1,576,795

Tax Penalties, Interest & Publication Fees                                              10,000

Gas & Oil Severance Tax                                                                          9,000

Excise Tax on Utilities                                                                           350,000

Business and Occupation Tax                                                           2,650,000

Wine and Liquor Tax                                                                               85,000

Animal Control Tax                                                                                    4,000

Hotel Occupancy Tax                                                                            120,000

Fines, Fees and Court Costs                                                                   85,000

Licenses                                                                                                 20,000

Building Permit Fees                                                                               60,000

Miscellaneous Permits                                                                               1,000

Franchise Fees                                                                                       35,000

IRP Fees (Interstate Registration Plan)                                                     7,000

Parks & Recreation                                                                                 75,000

Rents and Concessions                                                                          12,000

Police Protection Fees                                                                          215,000

Fire Protection Fees                                                                              105,000

1{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} Sales Tax                                                                                    1,200,000

Gaming Income                                                                                      15,000

Interest Earned on Investments                                                              32,000

Recycling Program                                                                                125,000

Video Lottery (LVL)                                                                                 65,000

Miscellaneous Revenue                                                                            1,000

TOTAL ESTIMATED REVENUE (GENERAL FUND)                          $7,389,176

 

COAL SEVERANCE TAX FUND

 

REVENUE SOURCE

Assigned Fund Balance                                                                   $     4,000

Coal Severance Tax                                                                               40,000

Interest Earned on Investment                                                                    200

TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND)                  44,200

 

General                   Coal Severance

Fund                            Fund

ESTIMATED CURRENT EXPENDITURES

Mayorás Office                                                  $     166,428

City Council                                                                84,720

Recorderás Office                                                       35,114

Treasurerás Office                                                     192,106

Police Judgeás Office                                                 31,608

City Attorney                                                              40,432

City Auditor                                                                81,930

Economic Development                                           159,111

Personnel Office                                                        77,957

Purchasing Department                                             56,436

Enforcement Agency                                                 92,847

Printing/Newsletter                                                     17,200

Regional Development Authority                                  7,436

Building Inspection                                                  170,087

Planning & Zoning                                                          850

Data Processing                                                      107,883

City Hall                                                                     78,000

Contingencies                                                          165,000                                  600

Police Department                                                2,269,286

Fire Department                                                       460,211

Dog Warden/Humane Society                                    49,442

Streets and Highways                                              804,826                             43,600

Street Lights                                                              83,000

Recycling Center                                                      118,500

Local Health Department                                           10,000

Parks & Recreation                                                  635,047

Visitorás Bureau                                                          60,000

Fair Associations/Festivals                                         10,000

Swimming Pools                                                       115,350

Community (Senior) Center                                        30,200

Arts & Humanities                                                        1,000

Playgrounds                                                            124,210

Civic Promotions                                                        21,100

Library                                                                     322,155

Beautification Programs                                             59,350

Aging Program (Senior Citizens)                                   4,300

Social Services                                                            3,500

Community Council                                                    18,700

Capital Projects – General Government                      38,320

Capital Projects – Public Safety                                  55,245

Capital Projects – Street and Transportation             506,000

Capital Projects – Culture and Recreation                   15,289

Capital Projects – Social Services                                 9,000

TOTAL ESTIMATED EXPENDITURES            $   7,389,176                        $   44,200

 

MUNICIPALITY OF CITY OF VIENNA, 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                        $ 279,761,730                       25.00                     $   699,404

Personal Property                         327,732                                                                 819

Total Class II                      $ 280,089,462                                                    $   700,223

 

CLASS IV

Real Estate                        $ 110,609,170                       50.00                     $   553,046

Personal Property                   83,242,793                                                         416,214

Public Utility                             11,747,765                                                           58,739

Total Class IV                     $ 205,599,728                                                    $ 1,027,999

 

Total Value &

Projected Revenue           $ 485,689,190                                                    $ 1,728,222

 

Less Delinquencies, Exonerations & Uncollectable Taxes:     5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}                      86,411

 

Less Tax Discounts (use Total Projected Revenue to calculate)

2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}                       32,836

 

Less Allowance for Tax Increment Financing (if Applicable)                                             0

 

Total Projected Property Tax Collection                                                       $ 1,608,975

 

Less Assessor Valuation Fund                                               2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}                      32,180

(Subtracted from regular current expense taxes levied only)

 

Net Amount to be Raised by Levy for Property Taxes                                 $ 1,576,795

 

STATE OF WEST VIRGINIA

COUNTY OF WOOD

MUNICIPALITY OF CITY OF VIENNA

 

I, Cathy Smith, 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 12th day of March, 2015.

 

/s/ Cathy Smith

(Signature)

 

City Recorder

(Official Title of Recording Officer)

 

 

Mar 20, 27