Legal 3 col x 16-1/4”
0326
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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 3,247,960
Property Taxes – Current Expense 1,021,008
Property Taxes – Excess Levy 520,923
Gas & Oil Severance Tax 7,000
Excise Tax on Utilities 200,000
Business and Occupation Tax 864,000
Wine & Liquor Tax 40,000
Animal Control Tax 900
Hotel Occupancy Tax 400,000
Fines, Fees & Court Costs 25,000
Licenses 30,000
Building Permit Fees 10,000
Miscellaneous Permits 1,500
Franchise Fees 35,000
IRP Fees (Interstate Registration Plan) 110,000
Municipal Service Fees 438,000
Off Street Parking 240
Rents, Royalties and Concessions 16,800
Fire Protection Fees 274,800
Contributions from Other Entities 600
Gaming Income 18,000
Interest Earned on Investments 4,000
Recycling Program 3,500
Video Lottery (LVL) 11,500
Miscellaneous Revenues 25,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 7,305,731
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Coal Severance Tax 5,100
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 5,100
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 26,183 –
City Council 12,000 –
City Manager’s Office 58,781 –
Treasurer’s Office 45,945 –
City Clerk’s Office 43,004 –
Police Judge’s Office 51,016 –
City Attorney 40,000 –
City Auditor 22,000 –
Community Development (Housing) 119,112 –
Rehabilitation of Property 22,000 –
Regional Development Authority 1,400 –
Building Inspection 52,134 –
Planning & Zoning 145,637 –
Elections 23,368 –
City Hall 949,013 –
Other buildings 1,000 –
Parking 2,800 –
Contingencies 150,000 –
Police Department 2,071,246 –
Fire Department 999,443 –
Fire Fee Distribution 223,111 –
Streets and Highways 426,481 –
Snow Removal 53,209 –
Public Transit 3,000 –
Recycling Center 64,464 –
Parks & Recreation 442,839 5,100
Visitors Bureau 200,000 –
Arts & Humanities 25,000 –
Library 54,800 –
Beautification Programs 66,745 –
TOTAL ESTIMATED EXPENDITURES $ 7,305,731 $ 5,100
MUNICIPALITY OF LEWISBURG, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY l, 2022 – JUNE 30, 2023
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 $ 131,264,050 25.00 $ 328,160
Personal Property 0 0
Total Class II $ 131,264,050 $ 328,160
CLASS IV
Real Estate $ 104,305,290 50.00 $ 521,526
Personal Property 37,356,687 186,783
Public Utility 9,689,425 48,447
Total Class IV $ 151,351,402 $ 756,756
Total Value & Projected Revenue $ 282,615,452 $ 1,084,916
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00% 32,547
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00% 10,524
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 1,041,845
Less Assessor Valuation Fund 2.00% 20,837
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 1,021,008
MUNICIPALITY OF LEWISBURG, WEST VIRGINIA
Excess Levy
FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023
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 $ 131,264,050 12.50 $ 164,080
Personal Property 0 0
Total Class II $ 131,264,050 $ 164,080
CLASS IV
Real Estate $ 104,305,290 25.00 $ 260,763
Personal Property 37,356,687 93,392
Public Utility 9,689,425 24,224
Total Class IV $ 151,351,402 $ 378,379
Total Value & Projected Revenue $ 282,615,452 $ 542,459
Less Delinquencies, Exonerations & Uncollectable Taxes 3.00% 16,274
Less Tax Discounts (use Total Projected Revenue to calculate) 1.00% 5,262
Net Amount to be Raised by Levy for Budget Purposes $ 520,923
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 18th day of March, 2022.