Marion

FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021 LEVY ESTIMATE – BUDGET DOCUMENT STATE OF WEST VIRGINIA MUNICIPALITY OF WORTHINGTON, WEST VIRGINIA

FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF WORTHINGTON, 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
Unassigned Fund Balance 16,000
Property Taxes – Current Expenses 20,055
Gas & Oil Severance Tax 350
Excise Tax on Utilities 8,300
Business & Occupation Tax 2,200
Animal Control Tax 15
Franchise Fees 1,800
IRP Fees (Interstate Registration Plan) 3,500
Rents, Royalties, and Concessions 300
Refuse Collection 11,000
Fire Protection Fees 3,200
Gaming Income 11,500
Video Lottery(LVL) 1,000
Miscellaneous Revenues 1,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 80,220
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 125
Coal Severance Tax 500
Interest Earned on Investment
Reimbursements
Refunds
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 625
ESTIMATED CURRENT EXPENDITURES
General Fund Coal Severance Fund
Mayor’s Office 500 –
City Council 2,100 –
Recorder’s Office 450 –
Regional Development Authority 225 –
Building Inspection 1,000 –
City Hall 36,908 –
Public Works Department 11,000 –
Fire Department 3,250 –
Street Lights 3,000 –
Snow Removal 2,200 –
Street Cleaning 1,500 –
Garbage Department 13,504 –
Capital Projects – General Government 4,583 –
Capital Projects – Public Safety – –
Capital Projects – Street and Transportation – 625
Capital Projects – Health and Sanitation – –
Capital Projects – Culture and Recreation – –
Capital Projects – Social Services – –
TOTAL ESTIMATED EXPENDITURES $ 80,220 $ 625
MUNICIPALITY OF WORTHINGTON, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2020- JUNE 30, 2021
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
for Tax Purposes
CLASS I
Personal Property $ 0 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $2,142,400 25.00 $5,356
Personal Property 2,608 7
Total Class II $2,145,008 $5,363
CLASS IV
Real Estate $1,242,040 50.00 $6,210
Personal Property 564,427 2,822
Public Utility 1,517,103 7,586
Total Class IV $3,323,570 $16,618
Total Value &
Projected Revenue $ 5,468,578 $ 21,981
Less Delinquencies , Exoneration &
Uncollectable Taxes: 5.00% $1,099
Less Tax Discounts 2.00% 418
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $20,464
Less Assessor Valuation Fund 2.00% 409
Net amount to be Raised by Levy of Property Taxes $ 20,055
STATE OF WEST VIRGINIA
COUNTY OF MARION
MUNICIPALITY OF WORTHINGTON
I,Deborah K. Heflin, Mayor 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 17th day of March, 2020
Deborah K. Heflin,
Mayor
TIMES: March 26, April 2, 2018