STATE OF WEST VIRGINIA
MUNICIPALITY OF ROMNEY, WEST VIRGINIA
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
Assigned Fund Balance 10,000
Unassigned Fund Balance –
Property Taxes – Current Expense 222,080
Prior Year Taxes 8,000
Supplemental Taxes 4,000
Tax Penalties, Interest & Publication Fees 3,000
Gas & Oil Severance Tax 3,000
Excise Tax on Utilities 80,000
Wine and Liquor Tax 35,000
Animal Control Tax 550
Sales Tax 60,000
Fines, Fees and Court Costs 30,000
Parking Violations 5,000
Licenses 20,000
Building Permit Fees 4,000
Franchise Fees 20,000
IRP Fees (Interstate Registration Plan) 3,000
Private Liquor Club Fee 6,000
Parks & Recreation 23,650
Municipal Service Fees 30,000
Parking Meter Revenues 17,000
Rents, Royalties, and Concessions 11,802
Police Protection Fees 40,000
Street Fees 73,400
Federal Payment in Lieu of Taxes 5,000
Gaming Income 14,000
Interest Earned on Investments 100
Refunds 4,000
Video Lottery (LVL) 3,500
Proceeds from Sale of Bonds –
Miscellaneous Revenues 1,000
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TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 737,082
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COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 6
Coal Severance Tax 5,000
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TOTAL ESTIMATED REVENUE (COAL
SEVERANCE FUND) $ 5,006
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ESTIMATED CURRENT EXPENDITURES
General Coal Severance
Fund Fund
Mayor’s Office 7,270 –
City Council 10,658 –
Recorder’s Office 2,377 –
City Manager’s Office 9,630 –
Police Judge’s Office 4,522 –
City Attorney 9,518 –
Custodial 3,966 –
Regional Development Authority 1,109 –
Elections 2,500 –
City Hall 43,674 –
Public Grounds 5,000 –
Parking 18,150 –
Police Department 286,057 2,503
Streets & Highways 308,866 2,503
Parks & Recreation 23,785 –
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TOTAL ESTIMATED
EXPENDITURES $ 737,082 $ 5,006
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MUNICIPALITY OF ROMNEY, 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 12.50 $ 0
Public Utility 0 0
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TOTAL CLASS I $ 0 $ 0
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Class II
Real Estate $ 22,759,060 25.00 $ 56,898
Personal Property 21,282 53
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TOTAL CLASS II $ 22,780,342 $ 56,951
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Class IV
Real Estate $ 21,678,020 50.00 $ 108,390
Personal Property 8,070,353 40,352
Public Utility 7,542,788 37,714
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TOTAL CLASS IV $ 37,291,161 $ 186,456
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TOTAL VALUE &
PROJECTED REVENUE $ 60,071,503 $ 243,407
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Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 12,170
Less Tax Discounts (use Total Projected Revenue
to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,625
Less Allowance for Tax Increment Financing (if Applicable) 0
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TOTAL PROJECTED PROPERTY TAX COLLECTION $ 226,612
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Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,532
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(Subtracted from regular current expense
taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 222,080
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STATE OF WEST VIRGINIA
COUNTY OF HAMPSHIRE
MUNICIPALITY OF ROMNEY, WV
I, BEVERLY C. KEADLE, 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 7th day of March, 2016.
Beverly C. Keadle
Recorder
3-18-2c