FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF TOWN OF WOMELSDORFF (COALTON),
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:
General Coal
Fund Severance
Fund
REVENUE SOURCE
Unassigned Fund Balance 47,720 4,385
Property Taxes – Current Expense 15,042 –
Tax Loss Restoration 268 –
Gas & Oil Severance Tax 525 –
Excise Tax on Utilities 1,919 –
IRP Fees (Interstate Registration Plan) 4,04 –
Gaming Income 11,385 –
Video Lottery (LVL) 769 –
Miscellaneous Revenues 46 –
Coal Severance Tax Fund – 400
TOTAL ESTIMATED REVENUE 81,715 4,785
ESTIMATED CURRENT EXPENDITURES
Regional Development Authority 1 75 –
Elections 1,400 –
City Hall 27,140 4,785
Water 6,000 –
Capital Projects – Health & Sanitation 47,000 –
TOTAL ESTIMATED EXPENDITURES 81,715 4,788
MUNICIPALITY OF TOWN OF WOLMELSDORFF (COALTON),
WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
Certificate
Of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property 0 12.50 0
Public Utility 0 0
TOTAL CLASS I 0 0
CLASS II
Real Estate 2,398,020 25.00 5,995
Personal Property 85,056 213
TOTAL CLASS II 2,483,076 6,208
CLASS IV
Real Estate 835,560 50.00 4,178
Personal Property 765,604 3,828
Public Utility 454,406 2,272
TOTAL CLASS IV 2,055,570 10,278
TOTAL VALUE &
PROJECTED REVENUE 4,538,646 16,486
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 824
Less Tax Discounts (use Total Projected
Revenue to calculate) 2.00% 313
Less Allowance for Tax Increment
Financing (if Applicable) 0
TOTAL PROJECTED PROPERTY TAX COLLECTION 15,349
Less Assessor Valuation Fund 2.00% 307
(Subtracted from regular current expense taxes levied only)
NET AMOUNT TO BE RAISED BY LEVY
PROPERTY TAXES 15,042
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF WOMELSDORFF (COALTON)
I, Carol Silvester, 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 municipality on the 19th day of March, 2020.
Carol Silvester
Recording Officer
3-25, 4-1