Marion

Fiscal year Town of Monongah

FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF TOWN OF MONONGAH, 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 or 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
Nonspendable Fund Balance $ –
Unassigned Fund Balance 10,000
Property Taxes – Current Expense 58,184
Gas & Oil Severance Tax 1,800
Excise Tax on Utilities 38,000
Business and Occupation Tax 60,000
Wine & Liquor Tax 60
Animal Control Tax 90
Fines, Fees and Court Costs 12,000
Licenses 160
Building Permit Fees 1,000
Franchise Fees 9,500
IRP Fees (Interstate Registration Plan) 5,000
Refuse Collection 85,000
Police Protection Fees 18,000
Contributions from Other Entities 200
Transfer from Rainy Day Fund 10,000
Gaming Income 15,000
Reimbursements 300
Refunds 2,000
Accident Reports 100
Video Lottery (LVL) 5,000
Miscellaneous Revenues –
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $331,394
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 4,000
Interest Earned on Investments 5
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $4,505
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES

Economic Development $ – $ –
Mayor’s Office $1,600 –
City Council 4,800 –
Recorder’s Office 1,920 –
City Clerk’s Office 40,000
Police Judge’s Office 300 –
City Attorney 1,000 –
Regional Development Authority 125 –
City Hall 43,279 –
Internal Audit 800 350
Contributions/ transfers to other Funds 10,000
Police Department 64,000 –
COPS Grant 4,020 –
Fire Department 960 –
Dog Warden/Humane Society 590 –
Streets and Highways 68,000 4,155
Garbage Department 90,000 –
TOTAL ESTIMATED EXPENDITURES $331,394 $4,505
MUNICIPALITY OF TOWN OF MONONGAH, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property 9.39
Public Utility 0 0
Total Class I 0 0
CLASS II
Real Estate $9,578,460 18.78 $17,988
Personal Property 5,820 11
Total Class II $ 9,584,280 $17,999
CLASS IV
Real Estate $4,857,470 37.56 $18,245
Personal Property 4,779,966 17,954
Public Utility 2,,505,464 9,411
Total Class IV $12,142,900 $45,610
Total Value &
Projected Revenue $21,727,180 $63,609
Less Delinquencies, Exonerations
& Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 3,180
Less Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,209
Total Projected Property Tax Collection 59,220
Less Assessor Valuation Fund 1.75{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,036
Net Amount to be Raised by Levy of Property Taxes $58,184
State of West Virginia
County of Marion
Municipality of Town of Monongah,
I, Patricia McCombs, 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 24th day March 2015.
Patty McCombs,
Recorder
TIMES: April 1, 8, 2015