Randolph

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 ELKINS, 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 200,000
Property Taxes – Current Expense 924,725
Prior Year Taxes 25,000
Supplemental Taxes 20,000
Tax Penalties, Interest & Publication Fees 7,100
Gas & Oil Severance Tax 7,500
Excise Tax on Utilities 330,000
Business and Occupation Tax 1,155,300
Wine & Liquor Tax 115,000
Animal Control Tax 1,600
Hotel Occupancy Tax 165,000
Fines, Fees & Court Costs 147,000
Parking Violations 17,000
Licenses 25,000
Building Permit Fees 40,000
Franchise Fees 85,000
IRP Fees (Interstate Registration Plan) 10,000
Municipal Service Fees 2,600
Parking Meter Revenues 10,000
Off Street Parking 16,650
Rents, Royalties, and Concessions 500
Jail Fees 1,100
Special Assessments 2,500
Fire Protection Fees 701,000
Charges to Other Funds 411,600
Payment in Lieu of Taxes 10,000
Gaming Income 16,000
Interest Earned on Investments 600
Reimbursements (Explain type of funds & amounts
being transferred, “Expenditures” 6,000
Accident Reports 1,500
Video Lottery (LVL) 20,000
Miscellaneous Revenues 10,600
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 4,485,875

COAL SEVERANCE TAX FUND

REVENUE SOURCE

Assigned Fund Balance $ 211,000
Coal Severance Tax 20,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 231,000

General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 63,084 –
City Council 75,609 –
Treasurer’s Office 249,298 –
City Clerk’s Office 88,134 –
Police Judge’s Office 147,344 –
Community Development (Housing) 40,458 –
Custodial 110,691 –
Regional Development Authority 7,094 –
Planning & Zoning 200 –
City Hall 212,957 –
Public Works Department 107,045 –
Public Grounds 10,350 –
Complaint Department 66,751 –
Police Department 1,147,634 –
Police-Special Duty 72,478 –
Fire Department 700,000 20,000
Dog Warden/Humane Society 7,400 –
Streets and Highways 824,106 –
Signs and Signals 15,500 –
Snow Removal 15,000 –
Central Garage 136,242 –
Airports 19,000 –
Public Transit 14,000 –
Local Health Department 4,000 –
Parks & Recreation 210,000 –
Visitors Bureau 74,250 –
Travel Council 8,250 –
Library 19,000 –
Capital Projects – General Government 40,000 –
TOTAL ESTIMATED EXPENDITURES $ 4,485,875 $ 231,000

MUNICIPALITY OF ELKINS, 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 $ 102,464,350 25.00 $ 256,161
Personal Property 261,726 654
Total Class II $ 102,726,076 $ 256,815

CLASS IV
Real Estate $ 87,547,140 50.00 $ 437,736
Personal Property 48,863,415 244,317
Public Utility 14,932,560 74,663
Total Class IV $ 151,343,115 $ 756,716

Total Value & Projected Revenue $ 254,069,191 $ 1,013,531

Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 50,677

Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 19,257

Less Allowance for Tax Increment Financing (if Applicable) 0

Total Projected Property Tax Collection $ 943,597

Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 18,872
(Subtracted from regular current expense taxes levied only)

Net Amount to be Raised by Levy of Property Taxes $ 924,725

STATE OF WEST VIRGINIA

COUNTY OF Randolph

MUNICIPALITY OF Elkins

I, Sutton Stokes, 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.
Sutton R. Stokes
City Clerk
4/7, 414