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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 PARKERSBURG, WEST VIRGINIA

 

In accordance with Code ç 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                                                     978,957

Property Taxes – Current Expense                                      3,437,179

Prior Year Taxes                                                                      92,229

Supplemental Taxes                                                                73,046

Property Taxes – Excess Levy                                             1,591,192

Tax Penalties, Interest & Publication Fees                               25,149

Gas & Oil Severance Tax                                                         29,114

Business and Occupation Tax                                            8,928,862

Wine & Liquor Tax                                                                 321,381

Hotel Occupancy Tax                                                             277,260

Amusement Tax                                                                            358

Sales Tax                                                                           3,098,994

Fines, Fees & Court Costs                                                     220,533

Parking Violations                                                                         900

Licenses                                                                                105,279

Building Permit Fees                                                              140,642

Miscellaneous Permits                                                                9,577

IRP Fees (Interstate Registration Plan)                                    38,357

Municipal Service Fees                                                       2,326,767

Refuse Collection                                                                2,398,358

Police Protection Fees                                                           929,785

Fire Protection Fees                                                            1,680,046

Floodwall Fees                                                                       131,345

Federal Government Grants                                                   367,463

State Government Grants                                                      105,763

Contributions from Other Entities                                              52,000

Gaming Income                                                                       16,814

Interest Earned on Investments                                                 2,026

Reimbursements (Explain type of funds & amounts being transfe 260,900

Recycling Program                                                                 100,528

Video Lottery (LVL)                                                                180,370

Miscellaneous Revenues                                                         34,044

TOTAL ESTIMATED REVENUE (GENERAL FUND)     $27,955,218

 

COAL SEVERANCE TAX FUND

 

REVENUE SOURCE

Coal Severance Tax                                                                                   130,000

Interest Earned on Investment                                                                            45

TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND)                   $130,045

 

General         Coal Severance

Fund                         Fund

ESTIMATED CURRENT EXPENDITURES

 

Mayorás Office                                                                        230,644                             —

City Council                                                                            117,717                             —

Finance Office                                                                       893,911                             —

City Clerkás Office                                                                     65,544                             —

Police Judgeás Office                                                             118,352                             —

City Attorney                                                                          167,382                             —

Engineering                                                                           323,675                             —

Community Development (Housing)                                        874,637                             —

Personnel Office                                                                    153,372                             —

Contributions to Comms/Authorities                                          30,000                             —

Regional Development Authority                                              21,784                             —

Building Inspection                                                                484,795                             —

City Hall                                                                              1,228,483                             —

Contributions / Transfers to Other Funds                                200,000                             —

Public Works Department                                                       276,158                             —

Contingencies                                                                        979,921                             —

Police Department                                                              6,562,472                             —

Fire Department                                                                  6,412,269                             —

Flood Control/ Soil Conservation                                            173,339                             —

Streets and Highways                                                         2,342,150                  130,045

Street Lights                                                                          764,143                             —

Central Garage                                                                      553,571                             —

Street Cleaning                                                                      659,686                             —

Public Transit                                                                      1,591,192                             —

Garbage Department                                                          2,065,996                             —

Local Health Department                                                         49,600                             —

Parks & Recreation                                                                238,662                             —

Visitors Bureau                                                                      138,630                             —

Civic Promotions                                                                      20,000                             —

Library                                                                                  217,133                           —

TOTAL ESTIMATED EXPENDITURES                            $27,955 218                $130,045

 

MUNICIPALITY OF PARKERSBURG, WEST VIRGINIA

Regular Current Expense Levy

FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016

 

Certificate of Valuation

Assessed Values                 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                                $434,018,710                25.00             $1,085,047

Personal Property                              108,390                                                  271

Total Class II                                 $434,127,100                                       $1,085,318

 

CLASS IV

Real Estate                               $290,835,750                50.00             $1,454,179

Personal Property                        183,863,444                                            919,317

Public Utility                                   61,167,706                                            305,839

Total Class IV                                $535,866,900                                       $2,679,335

Total Value & Projected Revenue $969,994,000                                      $3,764,653

 

Less Delinquencies, Exonerations & UncollectableTaxes    4.75{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}                 178,821

Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}            71,717

Less Allowance for Tax Increment Financing (if Applicable)                                6,789

Total Projected Property Tax Collection                                                  $3,507,326

 

Less Assessor Valuation Fund                                            2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}                    70,147

(Subtracted from regular current expense taxes levied only)

 

Net Amount to be Raised by Levy of Property Taxes                        $3,437,179

 

MUNICIPALITY OF PARKERSBURG, WEST VIRGINIA

MID OHIO VALLEY MASS TRANSIT

FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016

 

Certificate of Valuation

Assessed Values                           Levy                       Taxes

for Tax Purposes                     Rate/$100                   Levied

 

CLASS I

Personal Property                      $                 0                  5.66             $             0

Public Utility                                                  0                                                       0

Total Class I                                  $                 0                                       $             0

 

CLASS II

Real Estate                                $434,018,710                11.32             $   491,309

Personal Property                               108,390                                                  123

Total Class II                                 $434,127,100                                       $   491,432

 

CLASS IV

Real Estate                               $290,835,750                22.64             $   658,452

Personal Property                        183,863,444                                            416,267

Public Utility                                   61,167,706                                            138,484

Total Class IV                                $535,866,900                                       $1,213,203

Total Value & Projected Revenue $969,994,000                                      $1,704,635

 

Less Delinquencies, Exonerations & UncollectableTaxes    4.75{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}                    80,970

Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}             32,473

Net Amount to be Raised by Levy for Budget Purposes                          $1,591,192

 

STATE OF WEST VIRGINIA

COUNTY OF WOOD

MUNICIPALITY OF PARKERSBURG

 

I, Connie Shaffer, 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 24th day of March, 2015.

 

/s/: Connie Shaffer

(Signature)

City Clerk

(Official Title of Recording Officer)

 

 

Apr 3, 10