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