Source: September 7, 2015 Read More →

Hendricks Levy

FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF Hendricks, 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                 $    47,000
Property Taxes – Current Expense                    22,499
Gas & Oil Severance Tax                     300
Excise Tax on Utilities                    6,000
Building Permit Lees                    50
Franchise Fees                    300
IRP Fees (Interstate Registration Plan)                1,600
Municipal Service Fees                    16,000
Gaming Income                    10,000
Total Estimated Revenue (GENERAL FUND)        $    103,749
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance                $    300
Coal Severance Tax                    900
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND)    $    1,200
General             Coal Severance
ESTIMATED CURRENT EXPENDITURES          Fund    Fund
Mayor’s Office        $    4,800    $    –
City Council            3,000        –
Recorder’s Office            4,800        –
City Attorney            300        –
Custodial            1,400        –
Regional Development Authority            250        –
Elections            700        –
City Hall            16,999        –
Internal Audit            2,000        –
Contingencies            600        –
Streets and Highways            6,000        –
Snow Removal            2,000        –
Street Cleaning            –        1,200
Garbage Department            17,000        –
Parks & Recreation            3,500        –
Beautification Programs            400        –
Capital Projects – General Government        40,000        –
TOTAL ESTIMATED EXPENDITURES    $    103,749     $    1,200

MUNICIPALITY OF Town of Hendricks, 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    12.50        $    0
Public Utility        0                0
Total Class I    $    0            $    0
Class II
Real Estate    $    2,728,650    25.00        $    6,822
Personal Property        15,684                39
Total Class II    $    2,744,334            $    6,861
Class IV
Real Estate    $    1,307,780    50.00        $    6,539
Personal Property        1,889,999                9,450
Public Utility        312,100                1,561
Total Class IV    $    3,509,879            $    17,550
Total Value &
Projected Revenue    $    6,254,213            $    24,411
Less Delinquencies, Exonerations & Uncollectable Taxes       5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}    1,221
Less Tax Discounts (use Total Projected Revenue to calculate)  2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}    464
Less Allowance for Tax Increment Financing (if Applicable)            0
Total Projected Property Tax Collection                $    22,726
Less Assessor Valuation Fund                        1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}        227
(Subtracted from regular current expense taxes levied only)
Net amount to be Raised by Levy of Property Taxes        $    22,499

MUNICIPALITY OF Town of Hendricks, WEST VIRGINIA
Excess Levy / Levies
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    0.00        $    0
Public Utility        0                0
Total Class I    $    0            $    0
Class II
Real Estate    $    2,728,650    0.00        $    0
Personal Property        15,684                0
Total Class II    $    2,744,334            $    0
Class IV
Real Estate    $    1,307,780    0.00        $    0
Personal Property        1,889,999                0
Public Utility        312,100                0
Total Class IV    $    3,509,879            $    0
Total Value &
Projected Revenue    $    6,254,213            $    0
Less Delinquencies, Exonerations & Uncollectable Taxes       5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}    0
Less Tax Discounts (use Total Projected Revenue to calculate)  2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}    0
Net Amount to be Raised by Levy for Budget Purposes        $    0

MUNICIPALITY OF Town of Hendricks, WEST VIRGINIA
EXcess or Bond 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    0.00        $    0
Public Utility        0                0
Total Class I    $    0            $    0
Class II
Real Estate    $    2,728,650    0.00        $    0
Personal Property        15,684                0
Total Class II    $    2,744,334            $    0
Class IV
Real Estate    $    1,307,780    0.00        $    0
Personal Property        1,889,999                0
Public Utility        312,100                0
Total Class IV    $    3,509,879            $    0
Total Value &
Projected Revenue    $    6,254,213            $    0
Less Delinquencies, Exonerations & Uncollectable Taxes       5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}    0
Less Tax Discounts (use Total Projected Revenue to calculate)  2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}    0
Less Allowance for Tax Increment Financing (if Applicable)            0
Net amount to be Raised by Levy for Budget Purposes        $    0

STATE OF WEST VIRGINIA
COUNTY of Tucker
Municipality of Hendricks
I, April R. Miller, 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 27th day of March, 2015.

Recorder