FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF Ronceverte, 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:
REVENUE SOURCE
Unassigned Fund Balance 24,538
Property Taxes – Current Expense 150,506
Property Taxes – Excess Levy 52,216
Property Taxes – Excess Levy 24,572
Gas & Oil Severance Tax 3,000
Excise Tax on Utilities 66,000
Business and Occupation Tax 55,000
Wine & Liquor Tax 800
Animal Control Tax 300
Hotel Occupancy Tax 100
Fines, Fees & Court Costs 17,000
Licenses 2,100
Building Permit Fees 2,700
Miscellaneous Permits 100
Franchise Fees 9,000
IRP Fees (Interstate Registration Plan) 7,600
Cemetery Revenue 600
Parks & Recreation 975
Municipal Service Fees 231,000
Rents, Royalties and Concessions 50,000
Gaming Income 30,000
Interest Earned on Investments 115
Refunds 500
Accident Reports 200
Video Lottery (LVL) 4,600
Miscellaneous Revenues 100
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 733,622
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ –
Coal Severance Tax 3,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 3,000
General Coal
ESTIMATED CURRENT EXPENDITURES Fund Severance Fund
Mayor’s Office $ 2,845 –
City Council 4,857 –
Recorder’s Office 2,267 –
City Manager’s Office 11,467 –
Police Judge’s Office 7,867 –
Main Street Program 332 –
Regional Development Authority 64 –
Planning & Zoning 2,625 –
Elections 6,310 –
City Hall 23,578 –
Other buildings 24,284 –
Contingencies 12,538 –
Police Department 393,231 –
Fire Department 33,029 –
Streets and Highways 97,567 2,000
Street Lights 32,000 –
Parks & Recreation 29,234 1,000
Visitors Bureau 50 –
Library 4,905 –
Cemeteries 24,572 –
Capital Projects – Street and Transportation 20,000 –
TOTAL ESTIMATED EXPENDITURES $ 733,622 $ 3,000
MUNICIPALITY OF Ronceverte, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
Certification 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 $ 15,580,450 25.00 $ 38,951
Personal Property 0 0
Total Class II $ 15,580,450 $ 38,951
Class IV
Real Estate $ 9,885,090 50.00 $ 49,425
Personal Property 10,636,605 53,183
Public Utility 4,680,105 23,401
Total Class IV $ 25,201,800 $ 126,009
Total Value &
Projected Revenue $ 40,782,250 $ 164,960
Less Delinquencies, Exonerations, & Uncollectable Taxes: 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 8,248
Less Tax Discounts (Use Total Projected 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 3,134
Revenue to calculate)
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 153,578
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 3,072
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 150,506
MUNICIPALITY OF Ronceverte, WEST VIRGINIA
Excess Levy/Levies
FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
Class I
Personal Property $ 0 6.25 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
Class II
Real Estate $ 15,580,450 12.50 $ 19,476
Personal Property 0 0
Total Class II $ 15,580,450 $ 19,476
Class IV
Real Estate $ 9,885,090 25.00 $ 24,713
Personal Property 10,636,605 26,592
Public Utility 4,680,105 11,700
Total Class IV $ 25,201,800 $ 63,005
Total Value &
Projected Revenue $ 40,782,250 $ 82,481
Less Delinquencies, Exonerations, & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,124
Less Tax Discounts (use Total Projected
Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,567
Net Amount to be Raised by Levy For Budget Purposes $ 76,790
State of West Virginia
County of Greenbrier
Municipality of Ronceverte
I, Reba Mohler, 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 21st day of March, 2016.