FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
Municipality of Lewisburg, 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 1,664,166
Property Taxes – Current Expense 889,511
Property Taxes – Excess Levy 453,831
Gas and Oil Severance Tax 7,500
Excise Tax on Utilities 240,000
Business and Occupation Tax 800,000
Wine & Liquor Tax 137,000
Animal Control Tax 1,000
Hotel Occupancy Tax 582,000
Fines, Fees & Court Costs 50,000
Parking Violations 100
Licenses 22,000
Building Permit Fees 30,000
Miscellaneous Permits 2,000
Franchise Fees 48,000
IRP Fees (Interstate Registration Plan) 30,000
Municipal Service Fees 405,000
Off Street Parking 240
Rents, Royalties and Concessions 17,800
Fire Protection Fees 250,000
Contributions from Other Entities 1,000
Gaming Income 25,500
Interest Earned on Investments 1,000
Recycling Program 5,000
Property Rehabilitation 1,500
Video Lottery (LVL) 10,500
Miscellaneous Revenues 8,000
Total Estimated Revenue (GENERAL FUND) $ 5,682,648
Coal Severance Tax FUND
REVENUE SOURCE
Assigned Fund Balance $ 66,000
Coal Severance Tax 12,000
Total estimated revenue
(coal severance fund) $ 78,000
ESTIMATED CURRENT EXPENDITURES
General Coal Severance
Fund Fund
Mayor’s Office 13,484 –
City Council 9,500 –
Recorder’s Office 12,425 –
City Manager’s Office 43,379 –
Treasurer’s Office 39,788 –
Police Judge’s Office 62,162 –
City Attorney 13,000 –
City Auditor 7,500 –
Community Development (Housing) 122,443 –
Rehabilitation of Property 24,450 –
Regional Development Authority 1,400 –
Building Inspection 62,395 –
Planning & Zoning 128,259 –
Elections 8,000 –
City Hall 462,058 –
Other Buildings 900 –
Contributions/Transfers to Other Funds 200,000 –
Parking 1,800 –
Contingencies 300,000 –
Police Department 1,573,263 –
Fire Department 632,536 –
Fire Fee Distribution 250,000 –
Streets and Highways 536,710 –
Snow Removal 63,841 –
Sidewalks 160,603 –
Public Transit 2,873 –
Recycling Center 64,460 –
Storm Sewer 197,550 –
Parks & Recreation 240,036 78,000
Visitors Bureau 291,000 –
Library 49,500 –
Beautification Programs 107,333 –
TOTAL ESTIMATED EXPENDITURES $ 5,682,648 $ 78,000
MUNICIPALITY OF Lewisburg, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
Certification 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 $ 111,224,290 25.00 $ 278,061
Personal Property 0 0
Total Class II $ 111,224,290 $ 278,061
Class IV
Real Estate $ 86,614,080 50.00 $ 433,070
Personal Property 37,740,910 188,705
Public Utility 9,070,399 45,352
Total Class IV $ 133,425,389 $ 667,127
Total Value &
Projected Revenue $ 244,649,679 $ 945,188
Less Delinquencies, Exonerations, & Uncollectable Taxes: 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 28,356
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 9,168
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 907,664
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 18,153
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 889,511
MUNICIPALITY OF Lewisburg, WEST VIRGINIA
Excess Levy/Levies
FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
Class I
Personal Property $ 0 6.25 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
Class II
Real Estate $ 111,224,290 12.50 $ 139,030
Personal Property 0 0
Total Class II $ 111,224,290 $ 139,030
Class IV
Real Estate $ 86,614,080 25.00 $ 216,535
Personal Property 37,740,910 94,352
Public Utility 9,070,399 22,676
Total Class IV $ 133,425,389 $ 333,563
Total Value &
Projected Revenue $ 244,649,679 $ 472,593
Less Delinquencies, Exonerations, & Uncollectable Taxes 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 14,178
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,584
Net Amount to be Raised by Levy for Budget Purposes $ 453,831
STATE OF WEST VIRGINIA
COUNTY OF Greenbrier
MUNICIPALITY OF Lewisburg
I, Shannon 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 said municipality on the 15th day of March, 2016.