2019 – 2020 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) $134,893
Ad Valorem Taxes 27,268
Gas & Oil Severance Tax 850
Excise Tax on Utilities 22,500
Business and Occupation Tax 12,000
Fines, Fees and Court Costs 600
Building Permit Fees 50
IRP Fees 15,000
Parks and Recreation 18,000
Rents and Concessions 16,000
Gaming Income 11,500
Interest Earned 535
Video Lottery 4,500
Miscellaneous Revenue 500
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $264,196
COAL SEVERANCE
TAX FUND
REVENUE SOURCE
Assigned Fund Balance (July 1) $ 300
Coal Severance Tax 900
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 1,200
General Coal Severance
ESTIMATED CURRENT Fund Fund
EXPENDITURES
Mayor’s Office $ 9,000
City Council 6,000
Recorder’s Office 5,000
Treasurer’s Office 5,000
Police Judge’s Office 500
City Attorney 3,000
Custodial 10,000
Regional Development
Authority 250
City Hall 98,000 1,200
Contingencies 26,420
Police Department 30,000
Street Department 7,526
Parks & Recreation 8,500
Capital Projects – 55,000
TOTAL ESTIMATED
EXPENDITURES $ 264,196 $ 1,200
LEVY PAGE – FISCAL YEAR 2018 – 2019
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 $ 3,003,860 25.00 $7,510
Personal Property 14,430 36
Total Class II $ 3,018,290 $7,546
Class IV
Real Estate $ 1,347,110 50.00 $6,736
Personal Property 2,015,698 10,078
Public Utility 1,105,333 5,527
Total Class IV $4,468,141 $22,341
TOTAL VALUE &
PROJECTED
REVENUE $7,486,431 $ 29,887
Less Delinquencies,
Exonerations, &
Uncollectible Taxes 5{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,494
Less Tax Discounts 2{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 568
Less Allowance for Tax
Increment Financing –
see worksheet (Subtracted from
regular current expense taxes
levied only) 0 Total Projected Property
Tax Collection 27,825
Less Assessor
Valuation Fund 2{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 557
(Subtracted from regular
current expense taxes
levied only)
Net Amount to be Raised by
Levy of Property Taxes
For Budget Purposes $ 27,268
STATE OF WEST VIRGINIA
COUNTY OF OHIO
MUNICIPALITY OF VALLEY GROVE
I, Mary D. Philabaum, 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 20, 2019.
Mary D. Philabaum,
Recorder/Treasurer
Intelligencer March 27. April 3, 2019
News-Register March 27. April 3, 2019