Legal 3×17-1/2”
0330 0406
FISCAL YEAR JULY 1, 2019 – JUNE 30, 2020
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 2,064,068
Property Taxes – Current Expense 952,893
Property Taxes – Excess Levy 486,171
Gas & Oil Severance Tax 7,500
Excise Tax on Utilities 221,000
Business and Occupation Tax 864,000
Wine & Liquor Tax 147,000
Animal Control Tax 900
Hotel Occupancy Tax 630,000
Fines, Fees & Court Costs 50,000
Licenses 26,000
Building Permit Fees 65,000
Miscellaneous Permits 2,100
Franchise Fees 35,000
IRP Fees (Interstate Registration Plan) 70,000
Municipal Service Fees 438,200
Off Street Parking 240
Rents, Royalties and Concessions 17,800
Fire Protection Fees 269,700
Contributions from Other Entities 1,000
Gaming Income 20,000
Interest Earned on Investments 5,000
Recycling Program 4,000
Property Rehabilitation 1,000
Video Lottery (LVL) 13,500
Miscellaneous Revenues 16,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 6,407,872
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 34,495
Coal Severance Tax 9,500
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 43,995
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Economic Development $ – $ –
Mayor’s Office 18,884 –
City Council 11,000 –
Recorder’s Office 16,450 –
City Manager’s Office 40,983 –
Treasurer’s Office 40,919 –
Police Judge’s Office 49,286 –
City Attorney 22,000 –
City Auditor 8,000 –
Community Development (Housing) 111,383 –
Rehabilitation of Property 25,700 –
Regional Development Authority 2,363 –
Building Inspection 61,845 –
Planning & Zoning 137,638 –
Elections – –
City Hall 630,453 –
Other buildings 1,000 –
Contributions / Transfers to Other Funds 400,000 –
Parking 2,800 –
Contingencies 400,000 –
Police Department 1,594,561 –
Fire Department 777,329 –
Fire Fee Distribution 87,100 –
Streets and Highways 544,969 –
Snow Removal 46,738 –
Sidewalks 127,958 –
Public Transit 3,000 –
Recycling Center 64,464 –
Storm Sewer 192,198 –
Parks & Recreation 420,679 43,995
Arts & Humanities 50,000 –
Library 63,300 –
Beautification Programs 139,872 –
TOTAL ESTIMATED EXPENDITURES $ 6,407,872 $ 43,995
MUNICIPALITY OF LEWISBURG, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY l, 2019 – JUNE 30, 2020
Certificate of Valuation Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 12.50 $ 0
Public Utility 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 118,913,200 25.00 $ 297,283
Personal Property 0 0
Total Class II $ 118,913,200 $ 297,283
CLASS IV
Real Estate $ 94,675,180 50.00 $ 473,376
Personal Property 38,362,643 191,813
Public Utility 10,013,150 50,066
Total Class IV $ 143,050,973 $ 715,255
Total Value & Projected Revenue $ 261,964,173 $ 1,012,538
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 30,376
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 9,822
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 972,340
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 19,447
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 952,893
MUNICIPALITY OF LEWISBURG, WEST VIRGINIA
Excess Levy / Levies
FISCAL YEAR JULY 1, 2019 – JUNE 30, 2020
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 $ 118,913,200 12.50 $ 148,642
Personal Property 0 0
Total Class II $ 118,913,200 $ 148,642
CLASS IV
Real Estate $ 94,675,180 25.00 $ 236,688
Personal Property 38,362,643 95,907
Public Utility 10,013,150 25,033
Total Class IV $ 143,050,973 $ 357,627
Total Value & Projected Revenue $ 261,964,173 $ 506,269
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 15,188
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,911
Net Amount to be Raised by Levy for Budget Purposes $ 486,170
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 19th day of March, 2019.