Levy Estimate

FISCAL YEAR JULY 1, 2020- JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF WHITE HALL, 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:
Restricted Fund Balance $147,081
Property Taxes – Current Expense 199,215
Gas & Oil Severance Tax 1,500
Excise Tax on Utilities 78,000
Wine & Liquor Tax 23,164
Hotel Occupancy Tax 120.000
Sales Tax 1,168,000
Fines, Fees & Court Costs 198,000
Licenses 3,000
Miscellaneous Permits 2,280
Franchise Fees 5,200
IRP Fees (Interstate Registration Plan) 54,984
Private Liquor Club Fee 1,000
Fire Protection Fees 65,209
State Government Grants 400
Transfer from Rainy Day Fund 6,000
Gaming Income 10,500
Capital Lease Revenues 21,720
Interest Earned on Investments 3,098
Accident Reports 5,400
Video Lottery (LVL) 3,504
Miscellaneous Revenues 900
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 2,118,155
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Coal Severance Tax $ 2,000
Interest Earned on Investment 18
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 2,018
ESTIMATED CURRENT EXPENDITURES
COAL
GENERAL SEVERANCE
FUND FUND
Mayor’s Office $5,543
City Council 13,716
Recorder’s Office 4,777
City Manager’s Office 85,080
Treasurer’s Office 4,727
Finance Office 56,267
City Clerk’s Office 51,866
Police Judge’s Office 41,690
City Attorney 31,981
City Auditor 6,000
Other Grants 2,400
Reginal Development Authority 200
Elections 3,400
City Hall 692,994 1,245
Public Works Department 93,816
Contingencies 6,000
Police Department 448,041
Police-Special Duty 1,500
Fire Department 61,949
Dog Warden / HUmane Society 773
Fire Hydrants 3,709
Street and Highways 1,800
Street Lights 5,844
Snow Removal 6,220
Visitors Bureau 60,000
Fair Associations/Festivals 25,712
Arts & Humanities 500
Historical Commission 2,500
Beautification programs 24,861
Human Resources 21,509
Capital Projects- Street and Transporation 200,000
Capital Projects – Culture and Recreation 147,081
Capital Projects – Social Services 6,472
TOTAL ESTIMATED
EXPENDITURES: $2,118,155 $2,018
MUNICIPALITY OF WHITE HALL, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
For tax Purposes
Class II
Real Estate $16,029,250 12.00 $19,235
Personal Property 0 0
Total Class II $16,029,250 $19,235
Class IV
Real Estate $ 56,245,030 24.00 $134,988
Personal Property 26,298,051 63,115
Public Utility 2,879,528 6,911
Total Class IV $85,422,609 $205,014
Total Value & Projected
Revenue $101,451,859 $224,249
Less Delinquencies, Exonerations,
& Uncollectable Taxes 7.50% . . . . . . . . 16,819
Less Tax Discounts 2.00% . . . . . . . . 4,149
Less Allowance for Tax Increment Financing 0
Total Projected Property Tax Collection . . . . . . . . $203,281
Less Assessor Valuation Fund 2.00% . . . . . . . . 4,066
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $199,215
MUNICIPALITY OF WHITE HALL, WEST VIRGINIAN
Excess or Bond Levy
FISCAL YEAR JULY 1, 2020 – JUNE 20, 2021
Class II
Real Estate $16,029,250 0.00
Personal Property 0
Total Class II $16,029,250
Class IV
Real Estate $56,245,030 0.00
Personal Preoperty 26,298,051
Pubic Utility 2,879,528
Total Class IV $85,422,609
Total Value & Projected Revenue $101,451,859
Less Delinquencies, Exonerations &
Uncollectable Taxes 7.50% $ 0
Less Tax Discounts
(use Total Projected Revenue to calculate) 2.00% $ 0
Net Amount to be Raised by Levy for Budget Purposes $ 0
MUNICIPALITY OF WHITE HALL, WEST VIRGINIAN
Excess Levy /Levies
FISCAL YEAR JULY 1, 2020 – JUNE 20, 2021
Class II
Real Estate $16,029,250 0.00
Personal Property 0
Total Class II $16,029,250
Class IV
Real Estate $56,245,030 0.00
Personal Preoperty 26,298,051
Pubic Utility 2,879,528
Total Class IV $85,422,609
Total Value & Projected Revenue $101,451,859
Less Delinquencies, Exonerations &
Uncollectable Taxes 7.50% $ 0
Less Tax Discounts
(use Total Projected Revenue to calculate) 2.00% $ 0
Net Amount to be Raised by Levy for Budget Purposes $ 0
STATE OF WEST VIRGINIA
COUNTY OF MARION
MUNICIPALITY OF WHITE HALL
I Charles Mason, 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 23rd day of March 2020.
Charles Mason
Recorder
Times: April 24, 28, 2020