FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF NORTH HILLS, 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 15,673
Property Tax – Current Expense 68,127
Gas & Oil Severance Tax 1,000
Excise Tax on Utilities 100
Building Permit Fees 100
IRP Fees (Interstate Registration Plan) 300
Street Fees 120,000
Gaming Income 10,500
Interest Earned on Investments 4,200
Video Lottery (LVL) 4,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $224,500
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ —
Coal Severance Tax 1,000
Interest Earned on Investment —
Reimbursements —
Refunds —
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 1,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Insurance Program (Self Insured) $ 13,000 —
Mayorás Office 7,000 —
City Council 2,500 —
Recorderás Office 7,000 —
City Attorney 5,000 —
Printing 2,500 —
Reginal Development Authority 319 —
City Hall 3,225 —
Internal Audit 10,000 —
Contributions/Transfers to Other Funds 2,176 —
Public Grounds 15,000 —
Streets and Highways 73,480 —
Street Lights 8,300 —
Snow Removal 55,000 —
Fairs Associations/Festivals 5,000 1,000
Beautification Program 15,000 —
TOTAL ESTIMATED EXPENDITURES $224,500 $ 1,000
MUNICIPALITY OF NORTH HILLS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
Certificate of Valuation
Assessed Values Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 9.42 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $33,028,360 18.84 $ 62,225
Personal Property 0 0
Total Class II $33,028,360 $ 62,225
CLASS IV
Real Estate $ 249,000 37.68 $ .. 940
Personal Property 2,967,702 11,182
Public Utility 85,823 323
Total Class IV $ 3,303,125 $ 12,445
Total Value & Projected Revenue $36,331,485 $ 74,670
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 3,734
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,419
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 69,517
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,390
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 68,127
STATE OF WEST VIRGINIA
COUNTY OF Wood
MUNICIPALITY OF Town of North Hills
I, Kathleen M. Schrader, 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 of the 28th day of March, 2016.
/s/: Kathleen M. Schrader
Recorder
Apr 4, 11