FISCAL YEAR JULY 1, 2023- JUNE 30, 2024
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 100,000
Property Taxes – Current Expense 36,129
Tax Loss Restoration 1,000
Gas & Oil Severance 8,000
Excise Tax on Utilities 25,000
Fines, Fees & Court Costs 14,000
IRP Fees (Interstate Registration Plan) 10,000
Rents, Royalties, Concessions 48,000
Gaming Income 11,000 Interest Earned on Investments 40 Refunds 250 Video Lottery (LVL) 23,000
Miscellaneous Revenues 5,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $281,419
Coal Severance Tax Fund
Revenue Resource
Assigned Fund Balance $40,000 Coal Severance Tax 6,500 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 Office 2,700 –
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 79,599 46,270
Street Lights 7,000
Parks & Recreation 2,000 –
Fair Associations / Festivals 2,000
Beautification Programs 13,000 –
Cemeteries 7,000 –
TOTAL ESTIMATED EXPENDITURES 281,419 46,770
MUNICIPALITY OF West Liberty, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2023 – JUNE 30, 2024
Certificate of Valuation
Assessed Value Levy Taxes
For Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 8.16 0 Public Utility 0 0
Total Class I $ 0 0
CLASS II
Real Estate $4,396,880 16.32 $7,176
Personal Property 26,124 43
Total Class II $4,423,004 $7,218
CLASS IV
Real Estate $7,649,900 32.64 $24,969
Personal Property 1,275,191 4,162
Public Utility 995,173 3,248
Total Class IV $9,920,264 $32,380
Total Value & Projected
Revenue $14,343,268 $39,598
Less Delinquencies, Exonerations,
& Uncollectable Taxes 5.00% 1,980
Less Tax Discounts
(use Total Projected Revenue to calculate) 2.00% 752 Less Allowance for Tax
Increment Financing
(if Applicable) 0 Total Projected Property Tax Collection $36,866
Less Assessor Valuation Fund 2.00% 737
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $39,598
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 27th day of March, 2023
Stephanie Bonar
RECORDER
Int. & N.R. April 4, 11, 2023