Ohio

Public Notice

2015 – 2016 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 51,012
Gas & Oil Severance Tax 100
Excise Tax on Utilities 22,000
Business and Occupation Tax 27,000
Fines, Fees and Court Costs 8,000
Building Permit Fees 100
Rents and Concessions 13,000
Gaming Income 16,000
Interest Earned 150
Video Lottery 4,500
Miscellaneous Revenue 6,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $150,862

COAL SEVERANCE
TAX FUND

REVENUE SOURCE

Assigned Fund Balance (July 1) $ 300
Coal Severance Tax 2,000
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 2,300

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 1,200
City Attorney 3,000
Custodial 7,500
Regional Development
Authority 250
City Hall 65,000 2,300
Contingencies 5,512
Police Department 30,000
Street Department 8,000
Parks & Recreation 2,600
Capital Projects – 9,000

TOTAL ESTIMATED
EXPENDITURES $ 150,862 $ 2,300

LEVY PAGE – FISCAL YEAR 2015 – 2016
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 $ 2,745,870 25.00 $6,865
Personal Property 13,992 35
Total Class II $ 2,759,862 $6,900

Class IV
Real Estate $ 1,130,700 50.00 $5,654
Personal Property 7,463,096 37,315
Public Utility 1,208,479 6,042
Total Class IV $9,802,275 $49,011

TOTAL VALUE &
PROJECTED
REVENUE $12,562,137 $ 55,911

Less Delinquencies,
Exonerations, &
Uncollectible Taxes 5{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 2,796
Less Tax Discounts 2{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,062
Less Allowance for Tax
Increment Financing –
see worksheet (Subtracted from
regular current expense taxes
levied only)
Total Projected Property
Tax Collection 52,053
Less Assessor
Valuation Fund 2{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,041
(Subtracted from regular
current expense taxes
levied only)
Net Amount to be Raised by
Levy of Property Taxes
For Budget Purposes $ 51,012

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 23, 2015.

PATTY L. NAUMANN,
RECORDER/TREASURER
Int., March 26, 2015
Int., April 2, 2015
N.R., March 26, 2015
N.R. April 2, 2015

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