Greenbrier

Renick Levy Estimate

FISCAL YEAR JULY 1, 2015 –  JUNE 30, 2016
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF Falling Springs,
Renick, West Virginia
In accordance with the 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:
Assigned Fund Balance    8,599
Unassigned Fund Balance    20,000
Property Taxes    10,930
Gas & Oil Severance Tax    250
Excise Tax on Utilities     4,000
Wine & Liquor Tax     60
Licenses     150
IRP Fees    2,000
Dog Pound Fees    50
Parks & Recreation     500
Gaming Income    28,000
Interest    75
Video Lottery (LVL)    700
Miscellaneous Revenues     1,000
TOTAL ESTIMATED
GENERAL FUND REVENUES    $     76,314

COAL SEVERANCE TAX FUND:
REVENUE SOURCE:
Assigned Fund Balance:    400
Coal Severance Tax    700
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND)    $       1,100
Estimated GENERAL Fund
Expenditures:    General     Coal Severance
Fund    Fund
Mayor’s Office    $          1,600    –
City Council    1,500    –
Recorder’s Office    1,500    –
City Attorney    5,000    –
City Auditor    4,752    –
Rehabilitation of Property    1,000    –
Regional Development Authority    150    –
City Hall    18,012    –
Other Buildings    1,000    –
Contingencies    4,000    –
Fire Department    500    –
Humane Society    500    –
Ambulance Authority    500    –
Streets & Highways    3,000    900
Snow Removal    3,000    –
Landfill    1,500    –
Parks & Recreation    2,000    –
Fair Associations/Festivals    3,000    –
Civic Promotions    800    –
Beautification Programs    1,000    200
General Government    2,000    –
Streets & Transportation    20,000    –
Total ESTIMATED Expenditures    $   76,314    $    1,100

MUNICIPALITY OF Falling Springs, WEST VIRGINIA
LEVY PAGE
Regular Current Expense Levy
2015 – 2016
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    $    2,067,800    25.00    $    5,170
Personal Property        0            0
Total Class II    $    2,067,800        $     5,170
Class IV
Real Estate    $    754,140    50.00    $    3,771
Personal Property        300,990            1,505
Public Utility        306,822            1,534
Total Class IV    $    1,361,952        $    6,810
Total Value &
Projected Revenue    $    3,429,752        $     11,980
Less Delinquencies, Exonerations, & Uncollectable Taxes:    5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}        599
Less Tax Discounts (Use Total Projected        2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}        228
Revenue minus Delinquencies to calculate)
Less Allowance for Tax Increment Financing if Applicable             0
– see workshop (Subtracted from regular current
expense taxes levied only)
Total Projected Property Tax Collection            $    11,153
Less Assessor Valuation Fund        2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}        223
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes        $        10,930
For Budget Purposes (Amount carries to #301-01 on GF REV tab)

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 12th DAY OF MARCH 2015.