FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
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 37,313
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 12,000
Interest Earned on Investments 51
Video Lottery (LVL) 5,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 123,534
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 2,500
Interest Earned on Investment 1
Reimbursements – Refunds –
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $2,501
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 2,677
Regional Development Authority 500
City Hall 27,000
Police Department 25,000 2,501
Streets & Highways 20,001
Street Lights 6,000
Parks & Recreation 5,000
Playgrounds 5,000
TOTAL ESTIMATED EXPENDITURES 123,534 2,501
MUNICIPALITY OF CLEARVIEW, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2015-JUNE 30, 2016
Certificate of Valuation Levy Taxes
Assessed Value Rate/$100 Levied
for Tax Purposes
Class I
Personal Property 0 10.54 0
Public Utility 0 0
Total Class I 0 0
Class II
Real Estate 12,932,490 21.08 27,262
Personal Property 0 0
Total Class II 12,932,490 27,262
Class IV
Real Estate 879,290 42.16 3,707
Personal Property 1,955,924 8,246
Public Utility 398,687 1,681
Total Class IV 3,233,901 13,634
TOTAL VALUE &
PROJECTED $16,166,391 40,896
REVENUE
Less Delinquencies, Exonerations,
& Uncollectable Taxes: 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 2,045
Less Tax Discounts
(use Total Projected Revenue
to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 777
Less Allowance for Tax
Increment Financing (if Applicable) 0
Total Projected Property
Tax Collection $38,074
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 761
(Subtracted from regular
current expense taxes
levied only)
Net Amount to be Raised by
Levy of Property Taxes $37,313
MUNICIPALITY OF CLEARVIEW, WEST VIRGINIA
Excess Levy/Levies
FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
Certified 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 $12,932,490 0.00 0
Personal Property 0 0
Total Class II $12,932,490 0
CLASS IV
Real Estate $879,290 0 0
Personal Property 1,955,924 0
Public Utility 398,687 0
Total Class IV $3,233,901 0
TOTAL VALUE & PROJECTED
REVENUE $16,166,391 0
Less Delinquencies, Exonerations
& Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 0
Less Tax Discounts (use Total
Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 0
Net Amount to be Raised by
Levy for Budget Purposes $0
MUNICIPALITY OF CLEARVIEW, WEST VIRGINIA
Excess or Bond Levy
FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
Certified 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 $12,932,490 0.00 0
Personal Property 0 0 Total Class II $12,932,490 0
CLASS IV
Real Estate $879,290 0.00 0
Personal Property 1,955,924 0
Public Utility 398,687 0
Total Class IV $3,233,901 0
TOTAL VALUE & PROJECTED
REVENUE $16,166,391 0
Less Delinquencies, Exonerations
& Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 0
Less Tax Discounts (use Total
Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 0
Net Amount to be Raised by Levy
for Budget Purposes $ 0
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 18 day March, 2013.
CATHERINE MEDOVIC,
RECORDER
Int. March 26, 2015
Int. April 2, 2015
N.R. March 26, 2015
N.R. April 2, 2015
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