FISCAL YEAR JULY 1, 2018 – JUNE 30, 2019
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
Unassigned Fund Balance 9,221,832
Property Taxes – Current Expense 3,580,593
Prior Year Taxes 125,500
Supplemental Taxes 125,000
Property Taxes – Excess Levy 1,829,567
Tax Penalties, Interest & Publication Fees 20,200
Gas & Oil Severance Tax 40,500
Business and Occupation Tax 8,115,000
Wine & Liquor Tax 325,000
Hotel Occupancy Tax 325,500
Amusement Tax 150
Sales Tax 5,515,000
Fines, Fees & Court Costs 300,200
Parking Violations 1,000
Licenses 67,500
Building Permit Fees 150,000
Miscellaneous Permits 7,500
Inspection Fees 84,000
IRP Fees (Interstate Registration Plan) 130,513
Rents, Royalties and Concessions 28,580
Police Protection Fees 1,668,000
Fire Protection Fees 3,165,000
Floodwall Fees 82,800
Charges for Services 344,100
Federal Government Grants 177,036
State Government Grants 3,000
Contributions from Other Entities 199,110
Contributions from other Funds 800,000
Charges to Other Funds 150,000
Gaming Income 11,500
Interest Earned on Investments 23,284
Reimbursements (Explain type of funds 85 amounts being transfe 497,929
Sale of Fixed Assets 5,000
Video Lottery (LVL) 191,760
Miscellaneous Revenues 25,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $37,336,654
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Coal Severance Tax 70,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 70,000
General Fund Coal Severance
Fund
ESTIMATED CURRENT EXPENDITURES
Civil Service 28,000 —
Mayorás Office 199,763 —
City Council 129,030 —
Finance Office 1,485,343 —
City Clerkás Office 51,295 —
Police Judgeás Office 104,809 —
City Attorney 170,636 —
Engineering 340,495 —
Community Development (Housing) 490,486 —
Personnel Office 174,125 —
Contributions to Comms/Authorities 238,233 —
Regional Development Authority 12,056 —
Building Inspection 522,285 —
City Hall 409,945 —
Contributions / Transfers to Other Funds 8,364,276 70,000
Public Works Department 238,341 —
Market House 27,780 —
Contingencies 50,000 —
Police Department 9,317,013 —
Fire Department 7,636,104 —
Flood Control/ Soil Conservation 156,034 —
Streets and Highways 1,565,242 —
Street Lights 842,049 —
Central Garage 608,152 —
Street Cleaning 705,970 —
Public Transit 1,829,567 —
Local Health Department 59,520 —
Storm Sewer 300,000 —
Parks & Recreation 792,191 —
Visitors Bureau 162,750 —
Fair Associations/Festivals 25,500 —
Civic Promotions 60,000 —
Library 227,164 —
Grants 5,000 —
Social Services 7,500 —
TOTAL ESTIMATED EXPENDITURES $37,336,654 $ 70,000
MUNICIPALITY OF PARKERSBURG, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2018 – JUNE 30, 2019
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 $464,094,110 25.00 $1,160,235
Personal Property 186,588 466
Total Class II $464,280,698 $1,160,701
CLASS IV
Real Estate $309,178,900 50.00 $1,545,895
Personal Property 178,496,741 892,484
Public Utility 64,436,922 322,185
Total Class IV $552,112,563 $2,760,564
Total Value & Projected Revenue $1,016,393,261 $3,921,265
Less Delinquencies, Exonerations & UncollectableTaxes 4.75{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 186,260
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 74,700
Less Allowance for Tax Increment Financing (if Applicable) 6,639
Total Projected Property Tax Collection $3,653,666
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 73,073
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 3,580,593
MUNICIPALITY OF PARKERSBURG, WEST VIRGINIA
EXCESS LEVY – MASS TRANSIT
FISCAL YEAR JULY 1, 2018 – JUNE 30, 2019
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 $464,094,110 12.50 $ 579,932
Personal Property 186,588 233
Total Class II $464,280,698 $ 580,165
CLASS IV
Real Estate $309,178,900 24.992 $772,700
Personal Property 178,496,741 446,099
Public Utility 64,436,922 161,041
Total Class IV $552,112,563 $1,379,840
Total Value & Projected Revenue $1,016,393,261 $1,960,005
Less Delinquencies, Exonerations & UncollectableTaxes 4.75{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 93,100
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 37,338
Net Amount to be Raised by Levy for Budget Purposes $1,829,567
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 14th day of March, 2018.
/s/: Connie Shaffer
CITY CLERK
Mar 30, Apr 6