FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
LEVY ESTIMATE- BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF CLEARVIEW, WEST VIRGINIA
In accordance with Code Section 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 $ 40,000
Property Taxes-Current Expense 39217
Gas & Oil Severance Tax 1,000
Business & Occupation Tax 14,000
Animal Control Tax 70
Fines, Fees & Court Costs 100
Franchise Fees 12,000
IRP Fees (Interest Registration Plan) 2,000
Gaming Income 10,000
Interest Earned on Investments 51
Video Lottery (LVL) 5,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 123,438
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 1,200
Interest Earned on Investment 1
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $1,701
General Coal Severance
ESTIMATED CURRENT Fund Fund
EXPENDITURES
Mayor’s Office $ 1,320
City Council 990
Recorder’s Office 1,073
Treasurer’s Office 1,073
City Clerk’s Office 12,000
Police Judge’s Office 900
City Attorney 15,000
Rehabilitation of Property 1,000
Regional Development Authority 500
City Hall 27,000
Police Department 22,000 1,701
Streets & Highways 17,582
Street Lights 6,000
Parks & Recreation 10,000
Playgrounds 7,000
TOTAL ESTIMATED EXPENDITURES $123,438 1,701
MUNICIPALITY OF CLEARVIEW, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2016-JUNE 30, 2017
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
for Tax Purposes
Class I
Personal Property 0 10.36 0
Public Utility 0 0
Total Class I 0 0
Class II
Real Estate 13,753,590 20.72 28,497
Personal Property 0 0
Total Class II 13,753,590 28,497
Class IV
Real Estate 934,710 41.44 3,873
Personal Property 2,085,658 8,643
Public Utility 475,310 1,970
Total Class IV 3,495,678 14,486
Total Value &
Projected Revenue $17,249,268 42,983
Less Delinquencies, Exonerations,
& Uncollectable Taxes: 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 2,149
Less Tax Discounts
(use Total Projected Revenue
to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 817
Less Allowance for Tax
Increment Financing (if Applicable) 0
Total Projected Property
Tax Collection $40,017
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 800
(Subtracted from regular
current expense taxes
levied only)
Net Amount to be Raised by
Levy of Property Taxes $39,217
STATE OF WEST VIRGINIA
COUNTY OF – OHIO
MUNICIPALITY OF – VILLAGE OF CLEARVIEW
I, Catherine Medovic, Recording Officer of said municipality, do hereby certify that the foregoing are true copies from the recorders made and entered by the Council of the said municipality on 16th day March, 2016.
CATHERINE MEDOVIC,
RECORDER
Int. March 30, 2016, April 6, 2016
N.R. March 30, 2016, April 6, 2016
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