FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF Falling Springs,
Renick, West Virginia
In accordance with Code 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 Fund Revenue Summary:
Unassigned Fund Balance $ 36,349
Property Taxes 12,101
Gas & Oil Severance Tax 350
Excise Tax on Utilities 4,000
Wine & Liquor Tax 100
Licenses 150
IRP Fees 3,000
Dog Pound Fees 50
Parks & Recreation 500
Gaming Income 25,000
Interest 50
Video Lottery (LVL) 700
Miscellaneous Revenues 1,000
TOTAL ESTIMATED
GENERAL FUND REVENUES $ 83,350
COAL SEVERANCE TAX FUND:
REVENUE SOURCE:
Assigned Fund Balance: $ 200
Coal Severance Tax 600
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 800
Estimated GENERAL Fund
Expenditures: General Coal Severance
Fund Fund
Mayor’s Office $ 1,900 –
City Council 1,500 –
Recorder’s Office 1,500 –
City Attorney 5,000 –
City Auditor 3,000 –
Rehabilitation of Property 2,000 –
Regional Development Authority 150 –
Elections 3,500 –
City Hall 19,000 –
Other Buildings 1,000 –
Contingencies 4,000 –
Fire Department 500 –
Dog Warden/Humane Society 500 –
Ambulance Authority 500 –
Streets & Highways 3,000 600
Snow Removal 3,000 –
Landfill/Incinerator Dept. 1,500 –
Parks & Recreation 2,000 –
Fair Associations/Festivals 6,000 –
Civic Promotions 800 –
Beautification Programs 1,000 200
General Government 2,000 –
Streets & Transportation 22,000 –
Total ESTIMATED Expenditures $ 83,350 $ 800
FALLING SPRINGS
LEVY PAGE
Regular Current Expense Levy
2016 – 2017
Column E
Certification of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
Current Year
Class I
Personal Property $ 0 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
Class II
Real Estate $ 2,112,400 25.00 $ 5,281
Personal Property 0 0
Total Class II $ 2,112,400 $ 5,281
Class IV
Real Estate $ 835,200 50.00 $ 4,176
Personal Property 428,692 2,143
Public Utility 332,562 1,663
Total Class IV $ 1,596,454 $ 7,982
Total Value &
Projected Revenue $ 3,708,854 $ 13,263
Less Delinquencies, Exonerations, & Uncollectable Taxes: 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 663
Less Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 252
Less Allowance for Tax Increment Financing – see worksheet 0
(Subtracted from regular current expense taxes levied only)
Total Projected Property Tax Collection $ 12,348
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 247
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 12,101
For Budget Purposes (Transfer amount to #301-01 on page 4)
I, Twyla Diehl, RECORDING OFFICER OF SAID MUNICIPALITY, DO HEREBY CERTIFY THAT THE FOREGOING ELECTRONIC FILES ARE TRUE COPIES FROM THE RECORD OF ORDERS MADE AND ENTERED BY SAID COUNCIL ON THE 14th DAY OF MARCH 2016.