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