2024 – 2025 FISCAL YEAR
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
WEST LIBERTY
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
Unencumbered Balance (July 1) 120,000
Ad Valorem Taxes 37,213
Tax Loss Restoration 1,000
Gas & Oil Severance 15,000
Excise Tax on Utilities 24,000
Fines, Fees & Court Costs 20,000
IRP Fees (Interstate Registration Plan) 15,000
Rents and Concessions 10,000
Gaming Income 11,000
Interest Earned on Investments 50
Refunds 250
Video Lottery (LVL) 23,000
Miscellaneous Revenues 7,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $283,513
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Unencumbered Balance (July 1) $50,000
Coal Severance Tax 6,500
Interest Earned on Investment 20
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $56,520
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 3,000 –
City Council 7,550 –
Recorder’s Office 2,270 –
Treasurer’s Office 9,600 –
City Clerk’s Office 16,000 –
Police Judge’s Office 1,200 –
City Attorney 7,000 –
Custodial 16,000 –
Regional Development Authority 600 –
Elections 2,000 –
City Hall 40,000 –
Police Department 80,000 –
Street Department 65,293 56,520
Street Lights 7,000 –
Parks & Recreation 2,000 –
Fairs and Festivals 2,000 –
Beautification 14,000 –
Cemeteries 8,000 –
TOTAL ESTIMATED EXPENDITURES 283,513 56,520
LEVY PAGE – FISCAL YEAR 2024 – 2025
REGULAR CURRENT EXPENSE LEVY
ENTITY: WEST LIBERTY
Certificate of Valuation
Assessed Value Levy Taxes
For Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 8.14 0 Public Utility 0 0
Total Class I $ 0 0
CLASS II
Real Estate $4,214,630 16.82 $7,089
Personal Property 26,124 44
Total Class II $4,240,754 $7,133
CLASS IV
Real Estate $7,734,670 33.64 $26,019
Personal Property 1,290,346 4,341
Public Utility 978,909 3,293
Total Class IV $10,003,975 $33,653
Total Value & Projected
Revenue $14,244,679 $40,786
Less Delinquencies, Exonerations,
& Uncollectable Taxes 5.00% 2,039
Less Tax Discounts
(use Total Projected Revenue to calculate) 2.00% 759
Less Allowance for Tax
Increment Financing
(if Applicable) 0
Total Projected Property Tax Collection $37,972
Less Assessor Valuation Fund 2.00% 759
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $37,212
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 25th day of March, 2024
Stephanie Bonar
RECORDER
Int. & N.R. April 3, 10, 2024