In accordance with Code §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 50,000
Property Taxes – Current Expense 75,252
Tax Loss Restoration 1,800
Gas & Oil Severance Tax 700
Excise Tax on Utilities 13,500
Wine and Liquor Tax 1,200
Fines, Fees and Court Costs 20,000
Licenses 6,200
Building Permit Fees 200
IRP Fees (Interstate Registration Plan) 2,300
Employee Health Insurance Premium Charges 5,400
Police Protection Fees 11,000
Charges to Other Entities 22,000
State Government Grants 1,200
Payroll Reimbursements 15,000
Gaming Income 15,000
Interest Earned on Investments 200
Accident Reports 10
Video Lottery (LVL) 500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 241,462
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Coal Severance Tax 800
TOTAL ESTIMATED REVENUE (COAL
SEVERANCE FUND) $ 800
ESTIMATED CURRENT EXPENDITURES
General Coal Severance
Fund Fund
Insurance Program (Self Insured) 14,000 –
Mayor’s Office 6,000 –
City Council 4,500 –
Recorder’s Office 1,680 –
Treasurer’s Office 1,300 –
City Clerk’s Office 1,500 –
Police Judge’s Office 1,700 –
City Attorney 2,000 –
City Auditor 4,500 –
Purchasing Department 8,000 –
Custodial 1,500 –
Regional Development Authority 150 –
City Hall 7,500 –
Electrical Services 3,500 –
Police Department 175,032 800
Street Lights 3,100 –
Streets & Highways 3,000 –
Snow Removal 1,500 –
Garbage Department 400 –
Water & Sewer 600 –
TOTAL ESTIMATED
EXPENDITURES $ 241,462 $ 800
MUNICIPALITY OF CAPON BRIDGE, WEST VIRGIINA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
Certificate of Valuation
Assessed Value Levy Taxes
For Tax Purposes Rate/$100 Levied
Class I
Personal Property $ 0 11.74 $ 0
Public Utility 0 0
TOTAL CLASS I $ 0 $ 0
Class II
Real Estate $ 8,605,920 23.48 $ 20,207
Personal Property 131,748 309
TOTAL CLASS II $ 8,737,668 $ 20,516
Class IV
Real Estate $ 7,523,040 46.96 $ 35,328
Personal Property 2,710,346 12,728
Public Utility 2,961,381 13,907
TOTAL CLASS IV $ 13,194,767 $ 61,963
TOTAL VALUE &
PROJECTED REVENUE $ 21,932,435 $ 82,479
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,124
Less Tax Discounts (use Total Projected Revenue
to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,567
Less Allowance for Tax Increment Financing (if Applicable) 0
TOTAL PROJECTED PROPERTY TAX COLLECTION $ 76,788
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,536
(Subtracted from regular current expense
taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 75,252
STATE OF WEST VIRGINIA
COUNTY OF HAMPSHIRE
MUNICIPALITY OF CAPON BRIDGE, WV
I, Dorinda Strother, 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 8th day of March, 2016.
Dorinda Strother
Recorder
4-6-2c