Legal 3 col x 16-3/4”
0401
FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
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 3,639,623
Property Taxes – Current Expense 1,078,063
Property Taxes – Excess Levy 550,033
Gas & Oil Severance Tax 19,000
Excise Tax on Utilities 200,000
Business and Occupation Tax 864,000
Wine & Liquor Tax 62,000
Animal Control Tax 900
Hotel Occupancy Tax 450,000
Sales Tax 450,000
Fines, Fees & Court Costs 25,000
Licenses 30,000
Building Permit Fees 21,000
Miscellaneous Permits 1,500
Franchise Fees 35,000
IRP Fees (Interstate Registration Plan) 110,000
Municipal Service Fees 436,500
Off Street Parking 240
Rents, Royalties and Concessions 18,300
Fire Protection Fees 273,800
Contributions from Other Entities 600
Gaming Income 18,000
Interest Earned on Investments 2,856
Recycling Program 3,500
Video Lottery (LVL) 13,500
Miscellaneous Revenues 25,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 9,128,415
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 12,000
Coal Severance Tax 10,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 22,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 27,833 –
City Council 13,400 –
City Manager’s Office 62,781 –
Treasurer’s Office 36,357 –
City Clerk’s Office 46,838 –
Police Judge’s Office 51,016 –
City Attorney 35,000 –
City Auditor 15,500 –
Community Development (Housing) 87,427 –
Rehabilitation of Property 22,000 –
Regional Development Authority 1,400 –
Building Inspection 50,251 –
Planning & Zoning 138,927 –
City Hall 951,906 –
Other buildings 2,250 –
Parking 2,800 –
Contingencies 180,000 –
Police Department 2,259,701 –
Fire Department 1,050,001 –
Fire Fee Distribution 646,792 –
Streets and Highways 630,214 –
Snow Removal 55,764 –
Sidewalks 828,165 –
Public Transit 3,000 –
Recycling Center 64,464 –
Storm Sewer 922,493 –
Parks & Recreation 501,121 22,000
Visitors Bureau 225,000 –
Arts & Humanities 64,400 –
Library 51,600 –
Beautification Programs 100,014 –
TOTAL ESTIMATED EXPENDITURES $ 9,128,415 $ 22,000
MUNICIPALITY OF LEWISBURG, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY l, 2023 – JUNE 30, 2024
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 $ 134,702,270 25.00 $ 336,756
Personal Property 0 0
Total Class II $ 134,702,270 $ 336,756
CLASS IV
Real Estate $ 107,157,040 50.00 $ 535,785
Personal Property 43,945,965 219,730
Public Utility 10,654,280 53,271
Total Class IV $ 161,757,285 $ 808,786
Total Value & Projected Revenue $ 296,459,555 $ 1,145,542
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00% 34,366
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00% 11,112
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 1,100,064
Less Assessor Valuation Fund 2.00% 22,001
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 1,078,063
MUNICIPALITY OF LEWISBURG, WEST VIRGINIA
Excess Levy
FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
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 $ 134,702,270 12.50 $ 168,378
Personal Property 0 0
Total Class II $ 134,702,270 $ 168,378
CLASS IV
Real Estate $ 107,157,040 25.00 $ 267,893
Personal Property 43,945,965 109,865
Public Utility 10,654,280 26,636
Total Class IV $ 161,757,285 $ 404,393
Total Value & Projected Revenue $ 296,459,555 $ 572,771
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00% 17,183
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00% 5,556
Net Amount to be Raised by Levy for Budget Purposes $ 550,032
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 21st day of March, 2023.