FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF TOWN OF HARMAN, 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
Fund
REVENUE SOURCE
Property Taxes – Current Expense 11,598
Tax Loss Restoration 460
Gas & Oil Severance Tax 300
Excise Tax on Utilities 2,300
Licenses 175
Building Permit Fees 100
IRP Fees (Interstate Registration Plan) 2,600
Contributions from Other Entities 6,500
Gaming Income 15,250
Video Lottery (LVL) 350
TOTAL ESTIMATED REVENUE $ 39,633
ESTIMATED CURRENT EXPENDITURES
Regional Development Authority 150
City Hall 19,200
Contributions / Transfers to Other Funds 10,500
Street Lights 5,000
Sidewalks 4,783
TOTAL ESTIMATED EXPENDITURES $ 39,633
MUNICIPALITY OF TOWN OF HARMAN, 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 12.35 0
Public Utility 0 0
Total Class I 0 0
CLASS II
Real Estate 1,082,840 24.70 2,675
Personal Property 21,252 52
Total Class II $ 1,104,092 $ 2,727
CLASS IV
Real Estate 822,730 49.40 4,064
Personal Property 604,693 2,987
Public Utility 594,210 2,935
Total Class IV $ 2,021,633 $ 9,986
Total Value & Projected Revenue $ 3,125,725 $ 12,713
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 636
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 242
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 11,835
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 237
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 11,598
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF HARMAN
I, PATTY TETER, 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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