FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF PARKERSBURG, WEST VIRGINIA
In accordance with Code Π11-8-14, 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
Property Taxes – Current Expense 3,524,092
Prior Year Taxes 115,205
Supplemental Taxes 125,000
Property Taxes – Excess Levy 1,800,879
Tax Penalties, Interest & Publication Fees 24,149
Gas & Oil Severance Tax 37,608
Business and Occupation Tax 8,881,272
Wine & Liquor Tax 327,809
Hotel Occupancy Tax 310,260
Amusement Tax 350
Sales Tax 5,085,710
Fines, Fees & Court Costs 276,809
Parking Violations 1,200
Licenses 76,265
Building Permit Fees 130,642
Miscellaneous Permits 10,077
IRP Fees (Interstate Registration Plan) 135,713
Refuse Collection 2,412,000
Police Protection Fees 846,000
Fire Protection Fees 1,680,000
Floodwall Fees 86,667
Charges for Services 171,000
Federal Government Grants 282,895
State Government Grants 80,000
Contributions from Other Entities 47,110
Contributions from other Funds 750,023
Charges to Other Funds 40,000
Gaming Income 15,850
Capital Lease Revenues 1,073,200
Interest Earned on Investments 5,000
Reimbursements (Explain type of funds & amounts being transfe: 425,800
Sale of Fixed Assets 2,500
Insurance Claims 1,000
Video Lottery (LVL) 200,528
Miscellaneous Revenues 306,264
TOTAL ESTIMATED REVENUE (GENERAL FUND) $29,288,877
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 23,226
Coal Severance Tax 65,000
Interest Earned on Investment 25
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 88,251
General Fund Coal Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Mayorás Office 159,879 —
City Council 144,198 —
Finance Office 1,774,567 —
City Clerkás Office 97,046 —
Police Judgeás Office 122,270 —
City Attorney 178,410 —
Engineering 345,674 —
Community Development (Housing) 788,800 —
Personnel Office 169,844 —
Contributions to Comms/Authorities 301,189 —
Regional Development Authority 30,000 —
Building Inspection 639,373 —
City Hall 524,109 —
Contributions / Transfers to Other Funds 443,300 88,251
Public Works Department 218,623 —
Market House 38,691 —
Contingencies 50,000 —
Police Department 7,317,345 —
Fire Department 6,588,256 —
Flood Control/ Soil Conservation 141,317 —
Streets and Highways 2,105,244 —
Street Lights 786,532 —
Central Garage 585,926 —
Street Cleaning 779,717 —
Public Transit 1,800,879 —
Garbage Department 2,035,336 —
Parks & Recreation 744,400 —
Visitors Bureau 155,130 —
Library 222,822 —
TOTAL ESTIMATED EXPENDITURES $29,288,877 $ 88,251
MUNICIPALITY OF PARKERSBURG, 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 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $438,096,980 25.00 $1,095,242
Personal Property 111,456 279
Total Class II $438,208,436 $1,095,521
CLASS IV
Real Estate $304,412,430 50.00 $1,522,062
Personal Property 186,787,475 933,937
Public Utility 61,625,651 308,128
Total Class IV $552,825,556 $2,764,127
Total Value & Projected Revenue $991,033,992 $3,859,648
Less Delinquencies, Exonerations & UncollectableTaxes 4.75{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 183,333
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 73,526
Less Allowance for Tax Increment Financing (if Applicable) 6,777
Total Projected Property Tax Collection $3,596,012
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 71,920
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 3,524,092
MUNICIPALITY OF PARKERSBURG, WEST VIRGINIA
MASS TRANSIT
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 6.248 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $438,096,980 12.50 $ 547,621
Personal Property 111,456 139
Total Class II $438,208,436 $ 547,760
CLASS IV
Real Estate $304,412,430 24.99 $760,727
Personal Property 186,787,475 466,782
Public Utility 61,625,651 154,003
Total Class IV $552,825,556 $1,381,512
Total Value & Projected Revenue $991,033,992 $1,929,272
Less Delinquencies, Exonerations & UncollectableTaxes 4.75{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 91,640
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 36,753
Net Amount to be Raised by Levy for Budget Purposes $1,800,879
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 22nd day of March, 2016.
/s/: Connie Shaffer
CITY CLERK
Apr 11, 18