FISCAL YEAR JULY 1, 2022- JUNE 30, 2023
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF West Liberty, 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 50,000
Property Taxes – Current
Expense 35,058
Tax Loss Restoration 1,000
Gas & Oil Severance 5,000
Excise Tax on Utilities 30,000
Fines, Fees & Court Costs 18,000
IRP Fees (Interstate Registration Plan) 6,000
Rents, Royalties, Concessions 50,000
Gaming Income 10,000 Interest Earned on Investments 30 Refunds 250 Video Lottery (LVL) 20,000
Miscellaneous Revenues 5,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 230,338
Coal Severance Tax Fund
Revenue Resource
Assigned Fund Balance $ 30,000 Coal Severance Tax 4,500 Interest Earned on Investment 20
Refunds 250
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 34,770
General Coal Severance Fund Fund ESTIMATED CURRENT EXPENDITURES
Mayor’s Officel 27,000 –
City Council 7,550 –
Recorder’s Office 2,270 –
Treasurer’s Office 9,500 –
City Clerk’s Office 16,000 –
Police Judge’s Office 1,200 –
City Attorney 7,000 – Custodial 14,000 – Regional Development Authority 600 –
Elections 2,000 –
City Hall 55,000 500
Police Department 53,000 –
Streets and Highways 29,518 34,270
Street Lights 6,000
Parks & Recreation 2,000 –
Fair Associations / Festivals 2,000
Beautification Programs 13,000 –
Cemeteries 7,000 –
TOTAL ESTIMATED EXPENDITURES 230,338 34,770
MUNICIPALITY OF West Liberty, WEST VIRGINIA
Regular Current Expense 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 8.23 0 Public Utility 0 0
Total Class I $ 0 0
Class II
Real Estate $ 4,271,860 16.46 $ 7,031
Personal Property 26,120 43
Total Class II $ 4,297,980 $ 7,074
Class IV
Real Estate $ 7,418,420 32.92 $ 24,421
Personal Property 1,189,470 3,916
Public Utility 915,300 3,013
Total Class IV $ 9,523,190 $ 31,350
Total Value & Projected
Revenue $ 13,821,170 $ 38,425
Less Delinquencies,
Exonerations,
& Uncollectable Taxes 5.00% 1,921
Less Tax Discounts
(use Total Projected Revenue
to calculate) 2.00% 730 Less Allowance for Tax
Increment Financing
(if Applicable) 0 Total Projected Property
Tax Collection $ 35,774
Less Assessor Valuation
Fund 2.00% 715
(Subtracted from regular
current expense taxes levied only)
Net Amount to be Raised by
Levy of Property Taxes $35,058
MUNICIPALITY OF West Liberty, WEST VIRGINIA
Excess Levy / Levies
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 0.00 0 Public Utility 0 0
Total Class I $ 0 0
Class II
Real Estate $ 4,271,860 0.00 0
Personal Property 26,120 0
Total Class II $ 4,297,980 0
Class IV
Real Estate $ 7,418,420 0.00 0
Personal Property 1,189,470 0
Public Utility 915,300 0
Total Class IV $ 9,523,190 0
Total Value & Projected
Revenue $ 13,821,170 0
Less Delinquencies,
Exonerations,
& Uncollectable Taxes 5.00% 0
Less Tax Discounts
(use Total Projected Revenue
to calculate) 2.00% 0 Net Amount to be Raised by Levy for
Budget Purposes 0
MUNICIPALITY OF West Liberty, WEST VIRGINIA
Excess or Bond 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 0.00 0 Public Utility 0 0
Total Class I $ 0 0
Class II
Real Estate $ 4,271,860 0.00 0
Personal Property 26,120 0
Total Class II $ 4,297,980 0
Class IV
Real Estate $ 7,418,420 0.00 0
Personal Property 1,189,470 0
Public Utility 915,300 0
Total Class IV $ 9,523,190 0
Total Value & Projected
Revenue $ 13,821,170 $ 38,425
Less Delinquencies,
Exonerations,
& Uncollectable Taxes 5.00% 0
Less Tax Discounts
(use Total Projected Revenue
to calculate) 2.00% 0
Net Amount to be Raised by
Levy for Budget Purposes 0
STATE OF WEST VIRGINIA
COUNTY OF, OHIO
MUNICIPALITY OF, WEST LIBERTY
I, Stephanie Bonar, Recording Officer of said municipality, do hereby certify
that the forgoing are true copies from the record of the orders made and entered
by the council of the said municipality on the 17th day of May, 2022
Stephanie Bonar
RECORDER
Int. & N.R. April 11, 18, 2022