Source: September 7, 2015 Read More →

Hambleton Levy Estimate

FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF Hambleton, 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                 $    4,150
Property Taxes – Current Expense                    12,580
Prior Year Taxes                    1,000
Supplemental Taxes                    100
Gas & Oil Severance Tax                     700
Excise Tax on Utilities                    6,250
Animal Control Tax                    100
Licenses                    10
Building Permit Lees                    25
Franchise Fees                    750
IRP Fees (Interstate Registration Plan)                200
Rents, Royalties, and Concessions                100
Refuse Collection                    17,000
Gaming Income                    16,400
Interest Earned on Investments                    20
Video Lottery (LVL)                    200
Miscellaneous Revenues                    400
Total Estimated Revenue (GENERAL FUND)        $    59,985
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance                $    100
Coal Severance Tax                    870
Interest Earned on Investment                    2
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND)    $    982
General             Coal Severance
ESTIMATED CURRENT EXPENDITURES          Fund    Fund
Mayor’s Office        $    1,200    $    –
City Council            1,320        –
Recorder’s Office            344        –
City Clerk’s Office            4,200        –
Rehabilitation of Property            4,000        –
Custodial            1,000        –
Regional Development Authority            250        –
City Hall            9,571        –
Public Grounds            2,000        –
Dog Warden/Humane Society            100        –
Street Lights            4,000        –
Snow Removal            4,000        –
Street Construction            3,000        –
Sidewalks            2,000        –
Garbage Department            17,000        –
Storm Sewer            3,000        –
Museum Commission            –        700
Beautification Programs            1,000        –
Cemeteries            500        282
Human Resources            1,500        –
TOTAL ESTIMATED EXPENDITURES    $    59,985     $    982

MUNICIPALITY OF Hambleton, 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    $    0    11.39        $    0
Public Utility        0                0
Total Class I    $    0            $    0
Class II
Real Estate    $    1,935,710    22.78        $    4,410
Personal Property        23,460                53
Total Class II    $    1,959,170            $    4,463
Class IV
Real Estate    $    947,900    45.56        $    4,319
Personal Property        768,204                3,500
Public Utility        299,779                1,366
Total Class IV    $    2,015,883            $    9,185
Total Value &
Projected Revenue    $    3,975,053            $    13,648
Less Delinquencies, Exonerations & Uncollectable Taxes       5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}    682
Less Tax Discounts (use Total Projected Revenue to calculate)  2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}    259
Less Allowance for Tax Increment Financing (if Applicable)            0
Total Projected Property Tax Collection                $    12,707
Less Assessor Valuation Fund                        1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}        127
(Subtracted from regular current expense taxes levied only)
Net amount to be Raised by Levy of Property Taxes        $    12,580

STATE OF WEST VIRGINIA
COUNTY of Tucker
Municipality of Hambleton
I, Michael A. Griffith, Recording Office 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 21st day of April, 2015.

Recorder