Legal 6×10”
0331
FISCAL YEAR JULY 1, 2018 – JUNE 30, 2019
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
Assigned Fund Balance 1,000,000
Unassigned Fund Balance 1,284,788
Property Taxes – Current Expense 933,456
Property Taxes – Excess Levy 476,254
Gas & Oil Severance Tax 5,200
Excise Tax on Utilities 220,000
Business and Occupation Tax 800,000
Wine & Liquor Tax 145,000
Animal Control Tax 1,000
Hotel Occupancy Tax 620,000
Fines, Fees & Court Costs 50,000
Licenses 26,000
Building Permit Fees 35,000
Miscellaneous Permits 2,100
Franchise Fees 48,000
IRP Fees (Interstate Registration Plan) 40,000
Municipal Service Fees 423,200
Off Street Parking 240
Rents, Royalties and Concessions 17,800
Fire Protection Fees 260,600
Contributions from Other Entities 1,000
Gaming Income 20,000
Interest Earned on Investments 5,000
Recycling Program 4,000
Property Rehabilitation 400
Video Lottery (LVL) 13,500
Miscellaneous Revenues 16,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 6,448,538
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 50,500
Coal Severance Tax 9,500
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 60,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 18,434 –
City Council 11,000 –
Recorder’s Office 15,925 –
City Manager’s Office 43,309 –
Treasurer’s Office 43,229 –
Police Judge’s Office 56,211 –
City Attorney 16,000 –
City Auditor 10,500 –
Community Development (Housing) 109,540 –
Rehabilitation of Property 24,650 –
Regional Development Authority 1,400 –
Building Inspection 65,645 –
Planning & Zoning 137,529 –
Elections 20,423 –
City Hall 445,643 –
Other buildings 900 –
Contributions / Transfers to Other Funds 300,000 –
Parking 2,801 –
Contingencies 400,000 –
Police Department 1,576,499 –
Fire Department 739,204 –
Fire Fee Distribution 436,100 –
Streets and Highways 603,616 –
Snow Removal 50,538 –
Sidewalks 214,808 –
Public Transit 2,873 –
Recycling Center 64,464 –
Storm Sewer 166,198 –
Parks & Recreation 303,026 60,000
Visitors Bureau 310,000 –
Arts & Humanities 50,000 –
Library 58,300 –
Beautification Programs 159,272 –
TOTAL ESTIMATED EXPENDITURES $ 6,448,538 $ 60,000
MUNICIPALITY OF LEWISBURG, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY l, 2018 – JUNE 30, 2019
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 $ 116,464,150 25.00 $ 291,160
Personal Property 0 0
Total Class II $ 116,464,150 $ 291,160
CLASS IV
Real Estate $ 91,424,230 50.00 $ 457,121
Personal Property 38,784,223 193,921
Public Utility 9,936,433 49,682
Total Class IV $ 140,144,886 $ 700,724
Total Value & Projected Revenue $ 256,609,036 $ 991,884
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 29,757
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 9,621
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 952,506
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 19,050
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 933,456
MUNICIPALITY OF LEWISBURG, WEST VIRGINIA
Excess Levy / Levies
FISCAL YEAR JULY 1, 2018 – JUNE 30, 2019
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 $ 116,464,150 12.50 $ 145,580
Personal Property 0 0
Total Class II $ 116,464,150 $ 145,580
CLASS IV
Real Estate $ 91,424,230 25.00 $ 228,561
Personal Property 38,784,223 96,961
Public Utility 9,936,433 24,841
Total Class IV $ 140,144,886 $ 350,363
Total Value & Projected Revenue $ 256,609,036 $ 495,943
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 14,878
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,811
Net Amount to be Raised by Levy for Budget Purposes $ 476,254
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 20th day of March, 2018.