FISCAL YEAR JULY 1, 2020 – JUNE 30, 2021
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF TOWN OF HARMAN, 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 2,790 2,033
Property Taxes – Current Expense 11,591 –
Tax Loss Restoration 133 –
Gas & Oil Severance Tax 300 –
Excise Tax on Utilities 547 –
Licenses 200 –
Wine, Liquor and Private Club Tax 127 –
IRP Fees (Interstate Registration Plan) 4,412 –
Gaming Income 11,385 –
Video Lottery (LVL) 403 –
Coal Severance Tax – 416
TOTAL ESTIMATED REVENUE 31,888 2,449
ESTIMATED CURRENT EXPENDITURES
Regional Development Authority 175 –
Elections 1,060 –
City Hall 18,628 2,449
Water/Sewer 12,025 –
TOTAL ESTIMATED EXPENDITURES 31,888 2,449
MUNICIPALITY OF TOWN OF HARMAN, 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 1,248,720 25.00 3,122
Personal Property 8,154 20
TOTAL CLASS II 1,256,874 3,142
CLASS IV
Real Estate 924,570 50.00 4,623
Personal Property 575,639 2,878
Public Utility 412,193 2,061
TOTAL CLASS IV 1,912,402 9,562
TOTAL VALUE &
PROJECTED REVENUE 3,169,276 12,704
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 635
Less Tax Discounts (use Total Projected
Revenue to calculate) 2.00% 241
Less Allowance for Tax Increment
Financing (if Applicable) 0
TOTAL PROJECTED PROPERTY TAX COLLECTION 11,828
Less Assessor Valuation Fund 2.00% 237
(Subtracted from regular current expense taxes levied only)
NET AMOUNT TO BE RAISED BY LEVY
PROPERTY TAXES 11,591
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF HARMAN
I, Patty Teter, 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.
Patty Teter
Recording Officer
3-25, 4-1