Marion

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FISCAL YEAR JULY 1, 2015- JUNE 30, 2016
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF RIVESVILLE, 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 the 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 $ 31,795
Property Taxes – Current Expense 73,649
Prior Year Taxes 1,000
Supplemental Taxes 13,373
Tax Loss Restoration 110
Gas & Oil Severance Tax 2,263
Excise Tax on Utilities 27,156
Business and Occupation Tax 68,815
Wine & Liquor Tax 368
Fines, Fees & Court Costs 21,000
Licenses 347
IRP Fees (Interstate Registration Plan) 7,939
Dog Pound Fees 84
Rents, Royalties, and Concessions 7,000
Refuse Collection 62,000
Police Protection Fees 21,000
Other Grants 4,500
Contributions from Other Entities 2,500
Gaming Income 13,192
Interest Earned on Investments 22
Refunds 4,870
Video Lottery (LVL) 4,107
Miscellaneous Revenues 5,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 373,250
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 1,100
Coal Severance Tax 3,700
Interest Earned on Investment –
Refunds –
TOTAL ESTIMATED REVENUE $ 4,800
(COAL SEVERANCE FUND)
ESTIMATED CURRENT EXPENDITURES
COAL
GENERAL SEVERANCE
FUND FUND
State Grants 4,400
Mayor’s Office 4,350
City Council 6,000
Recorder’s Office 6,000
Treasurer’s Office 500
Finance Office 10,000
City Clerk’s Office 25,000
Police Judge’s Office 1,000
City Attorney 2,050
City Auditor 3,800
Printing 1,000
Custodial 3,000
Regional Development Authority 125
Elections 2,300
City Hall 118,000
Internal Audit 4,000
Contingencies 11,001
Police Department 43,500
Dog Warden / HUmane Society 1,200
Fire Hydrants 4,800
Juvenile Justice Diversion Program 800
Street and Highways 34,224
Street Lights 13,000
Snow Removal 3,000
Street Cleaning 3,100
Garbage Department 32,500
Landfill/Incinerator Department 22,000
Fair Associations/Festivals 12,000
Beautification Programs 600
TOTAL ESTIMATED
EXPENDITURES: 373,250
MUNICIPALITY OF RIVESVILLE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
For tax Purposes
Class I
Personal Property $0 12.46 $ 0
Public Utility 0 0
Total Class I $0 $ 0
Class II
Real Estate $13,369,990 24.92 $33,318
Personal Property 0 0
Total Class II $13,369,990 $33,318
Class IV
Real Estate $ 3,613,710 49.84 $18,011
Personal Property 2,995,352 14,929
Public Utility 3,032,765 15,115
Total Class IV $9,641,827 $ 48,055
Total Value & Projected
Revenue $ 23,011,817 $ 81,373
Less Delinquencies, Exonerations,
& Uncollectable Taxes 6.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} . . . . . . . . 4,882
Less Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} . . . . . . . . 1,530
Less Allowance for Tax Increment Financing 0
Total Projected Property Tax Collection . . . . . . . . 74,961
Less Assessor Valuation Fund 1.75{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} . . . . . . . . 1,312
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 73,649
MUNICIPALITY OF RIVESVILLE, WEST VIRGINIA
Excess Levy / Levies
FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
For tax Purposes
Class I
Personal Property $0 0.00 $0
Public Utility 0 0
Total Class I $0 $0
Class II
Real Estate $13,369,990 0.00 $0
Personal Property 0 0
Total Class II $13,369,990 $0
Class IV
Real Estate $ 3,613,710 0.00 $ 0
Personal Property 2,995,352 0
Public Utility 3,032,765 0
Total Class IV $9,641,827 $ 0
Total Value & Projected
Revenue $ 23,011,817 $ 0
Less Delinquencies, Exonerations,
& Uncollectable Taxes 6.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} . . . . . . . . 0
Less Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} . . . . . . . . 0
Net Amount to be Raised by Levy of Property Taxes $ 0
MUNICIPALITY OF RIVESVILLE, WEST VIRGINIA
Excess or Bond Levy
FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
For tax Purposes
Class I
Personal Property $0 0.00 $0
Public Utility 0 0
Total Class I $0 $0
Class II
Real Estate $13,369,990 0.00 $0
Personal Property 0 0
Total Class II $13,369,990 $0
Class IV
Real Estate $ 3,613,710 0.00 $0
Personal Property 2,995,352 0
Public Utility 3,032,765 0
Total Class IV $9,641,827 $0
Total Value & Projected
Revenue $ 23,011,817 $0
Less Delinquencies, Exonerations,
& Uncollectable Taxes 6.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} . . . . . . . . 0
Less Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} . . . . . . . . 0
Net Amount to be Raised by Levy of Property Taxes $ 0
STATE OF WEST VIRGINIA
COUNTY OF MARION
MUNICIPALITY OF TOWN OF RIVESVILLE
I Barb Beatty, 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 aid municipality on the 31st day of March 2015.
Barb Beatty
Recorder
Times: April 6, 13, 2015

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