FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
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 1,585,776
Property Taxes – Current Expense 859,568
Property Taxes – Excess Levy 438,554
Prior Year Taxes 620,000
Gas and Oil Severance Tax 4,000
Excise Tax on Utilities 150,000
Business and Occupation Tax 620,000
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) 22,000
Municipal Service Fees 400,000
Off Street Parking 240
Rents, Royalties and Concessions 17,100
Contributions from Other Entities 1,000
Gaming Income 25,500
Interest Earned on Investments 1,000
Recycling Program 5,000
Video Lottery (LVL) 12,500
Miscellaneous Revenues 6,000
Total Estimated Revenue (GENERAL FUND) $ 5,020,338
Coal Severance Tax FUND
REVENUE SOURCE
Assigned Fund Balance $ 65,000
Coal Severance Tax 10,000
Interest Earned on Investment –
Reimbursements –
Refunds –
Total estimated revenue
(coal severance fund) $ 75,000
ESTIMATED CURRENT EXPENDITURES
General Coal Severance
Fund Fund
Mayor’s Office 13,459 –
City Council 10,500 –
Recorder’s Office 9,325 –
City Manager’s Office 43,034 –
Treasurer’s Office 38,580 –
Police Judge’s Office 62,007 –
City Attorney 12,500 –
City Auditor 7,500 –
Community Development (Housing) 68,685 –
Regional Development Authority 1,500 –
Building Inspection 59,717 –
Planning & Zoning 112,379 –
City Hall 459,305 –
Other Buildings 900 –
Contributions/Transfers to Other Funds 100,000 –
Parking 1,800 –
Contingencies 300,000 –
Police Department 1,411,276 –
Fire Department 665,700 –
Streets and Highways 562,194 –
Snow Removal 67,673 –
Sidewalks 56,721 –
Public Transit 2,873 –
Recycling Center 71,302 –
Storm Sewer 197,365 –
Parks & Recreation 206,120 75,000
Visitors Bureau 291,000 –
Library 49,600 –
Beautification Programs 137,323 –
TOTAL ESTIMATED EXPENDITURES $ 5,020,338 $ 75,000
MUNICIPALITY OF Lewisburg, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
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 $ 109,422,500 25.00 $ 273,556
Personal Property 0 0
Total Class II $ 109,422,500 $ 273,556
Class IV
Real Estate $ 82,345,300 50.00 $ 411,727
Personal Property 36,766,901 183,835
Public Utility 8,850,670 44,253
Total Class IV $ 127,962,871 $ 639,815
Total Value &
Projected Revenue $ 237,385,371 $ 913,371
Less Delinquencies, Exonerations, & Uncollectable Taxes: 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 27,401
Less Tax Discounts (use Total Projected Revenue
to calculate) 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 8,860
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 877,110
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 17,542
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 859,568
MUNICIPALITY OF Lewisburg, WEST VIRGINIA
Excess Levy/Levies
FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
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 $ 109,422,500 12.50 $ 136,778
Personal Property 0 0
Total Class II $ 109,422,500 $ 136,778
Class IV
Real Estate $ 82,345,300 25.00 $ 205,863
Personal Property 36,766,901 91,917
Public Utility 8,850,670 22,127
Total Class IV $ 127,962,871 $ 319,907
Total Value &
Projected Revenue $ 237,385,371 $ 456,685
Less Delinquencies, Exonerations, & Uncollectable Taxes 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 13,701
Less Tax Discounts (use Total Projected Revenue
to calculate) 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,430
Net Amount to be Raised by Levy for Budget Purposes $ 438,554
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 17th day of March, 2015.