2016 – 2017 FISCAL YEAR
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF VALLEY GROVE
In accordance with Code Section 11-8-14, as amended, the Council proceeded to make an estimate of the amount 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 (July 1) $ 3,000
Ad Valorem Taxes 50,218
Gas & Oil Severance Tax 2,700
Excise Tax on Utilities 31,500
Business and Occupation Tax 12,000
Fines, Fees and Court Costs 2,000
Building Permit Fees 100
IRP Fees 5,000
Rents and Concessions 11,000
Gaming Income 14,000
Interest Earned 150
Video Lottery 4,000
Miscellaneous Revenue 5,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $140,668
COAL SEVERANCE
TAX FUND
REVENUE SOURCE
Assigned Fund Balance (July 1) $ 300
Coal Severance Tax 1,000
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 1,300
General Coal Severance
ESTIMATED CURRENT Fund Fund
EXPENDITURES
Mayor’s Office $ 7,200
City Council 3,600
Recorder’s Office 4,000
Treasurer’s Office 4,000
Police Judge’s Office 500
City Attorney 1,500
Custodial 7,500
Regional Development
Authority 250
Elections 1,000
City Hall 65,000 1,300
Contingencies 9,618
Police Department 20,000
Street Department 6,000
Parks & Recreation 1,500
Capital Projects – 9,000
TOTAL ESTIMATED
EXPENDITURES $ 140,668 $ 1,300
LEVY PAGE – FISCAL YEAR 2016 – 2017
REGULAR CURRENT EXPENSE LEVY
Entity: Valley Grove
COLUMN E
Certificate of Valuation
Assessed Value for
Tax Purposes Levy Rate/$100 Taxes Levied
Class I
Personal Property $ 0 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
Class II
Real Estate $ 2,814,630 25.00 $7,037
Personal Property 14,670 37
Total Class II $ 2,829,300 $7,074
Class IV
Real Estate $ 1,175,080 50.00 $5,875
Personal Property 6,921,483 34,607
Public Utility 1,497,009 7,485
Total Class IV $9,593,572 $47,967
TOTAL VALUE &
PROJECTED
REVENUE $12,422,872 $ 55,041
Less Delinquencies,
Exonerations, &
Uncollectible Taxes 5{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 2,752
Less Tax Discounts 2{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,046
Less Allowance for Tax
Increment Financing –
see worksheet (Subtracted from
regular current expense taxes
levied only)
Total Projected Property
Tax Collection 51,243
Less Assessor
Valuation Fund 2{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,025
(Subtracted from regular
current expense taxes
levied only)
Net Amount to be Raised by
Levy of Property Taxes
For Budget Purposes $ 50,218
STATE OF WEST VIRGINIA
COUNTY OF OHIO
MUNICIPALITY OF VALLEY GROVE
I, Patty Naumann, 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 municipal day of March 21, 2016.
PATTY NAUMANN,
RECORDER/TREASURER
Int., March 28, 2016
Int., April 11, 2016
N.R., March 28, 2016
N.R. April 11, 2016
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