Greenbrier

Lewisburg Levy Estimate

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.