FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MILL CREEK, 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 $ 35,000
Property Taxes – Current Expense 51,716
Prior Year Taxes 1,500
Supplemental Taxes 1,000
Tax Penalties, Interest & Publication Fees 200
Gas & Oil Severance Tax 200
Excise Tax on Utilities 18,000
Wine & Liquor Tax 100
Animal Control Tax 75
Licenses 1,000
Building Permit Fees 25
Miscellaneous Permits 10,000
IRP Fees (Interstate Registration Plan) 3,500
Transfers from Rainy Day Fund 3,000
Gaming Income 14,000
Video Lottery (LVL) 1,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 140,816
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 2,500
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 3,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office $ 6,000 $ –
City Council 6,975 –
Recorder’s Office 2,000 –
City Clerk’s Office 10,000 –
City Attorney 5,000 –
Personnel Office 22,556 –
Regional Development Authority 750 –
City Hall 45,535 1,000
Fire Department 1,000 –
Streets and Highways 6,000 –
Street Lights 9,000 –
Signs and Signals 1,000 –
Parks & Recreation 20,000 2,000
Fair Associations/Festivals 5,000 –
TOTAL ESTIMATED EXPENDITURES $ 140,816 $ 3,000
MUNICIPALITY OF MILL CREEK, 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 $ 5,662,210 25.00 $ 14,156
Personal Property 329,314 823
Total Class II $ 5,991,524 $ 14,979
CLASS IV
Real Estate $ 2,618,170 50.00 $ 13,091
Personal Property 1,848,059 9,240
Public Utility 3,874,422 19,372
Total Class IV $ 8,340,651 $ 41,703
Total Value & Projected Revenue $ 14,332,175 $ 56,682
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 2,834
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,077
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 52,771
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,055
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 51,716
3/17, 3/24