2020- 2021 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) $90,931
Ad Valorem Taxes 27,464
Excise Tax on Utilities 20,000
Business and Occupation Tax 15,000
Fines, Fees and Court Costs 6,500
IRP Fees 17,000
Parks and Recreation 12,000
Rents and Concessions 8,000
Gaming Income 11,500
Interest Earned 535
Video Lottery 4,500
Miscellaneous Revenue 500
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $213,930
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 4,000
Treasurer’s Office 4,000
Police Judge’s Office 500
City Attorney 3,000
Custodial 10,000
Regional Development
Authority 250
City Hall 90,000 1,200
Contingencies 5,680
Police Department 25,000
Street Department 6,000
Parks & Recreation 5,500
Capital Projects – 45,000
TOTAL ESTIMATED
EXPENDITURES $ 213,930 $ 1,200
LEVY PAGE – FISCAL YEAR 2020 – 2021
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 $ 3,100,680 25.00 $7,752
Personal Property 11,286 28
Total Class II $ 3,111,966 $7,780
Class IV
Real Estate $ 1,420,580 50.00 $7,103
Personal Property 1,873,497 9,367
Public Utility 1,170,470 5,852
Total Class IV $4,464,547 $22,341
TOTAL VALUE &
PROJECTED
REVENUE $7,576,513 $ 30,102
Less Delinquencies,
Exonerations, &
Uncollectible Taxes 5% 1,505
Less Tax Discounts 2% 572
Less Allowance for Tax
Increment Financing –
see worksheet (Subtracted from
regular current expense taxes
levied only) 0 Total Projected Property
Tax Collection 28,025
Less Assessor
Valuation Fund 2% 561
(Subtracted from regular
current expense taxes
levied only)
Net Amount to be Raised by
Levy of Property Taxes
For Budget Purposes $ 27,464
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 23, 2020.
Mary D. Philabaum,
Recorder/Treasurer
Intelligencer March 27. April 3, 2020
News-Register March 27. April 3, 2020