Legal
0408 0415
FISCAL YEAR JULY 1, 2017- JUNE 30, 2018
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
Property Taxes – Current Expense 148,349
Property Taxes – Excess Levy 51,469
Property Taxes – Excess Levy 24,222
Gas & Oil Severance Tax 3,000
Excise Tax on Utilities 51,000
Business and Occupation Tax 60,000
Wine & Liquor Tax 600
Animal Control Tax 300
Hotel Occupancy Tax 100
Fines, Fees & Court Costs 19,000
Licenses 2,100
Building Permit Fees 2,700
Miscellaneous Permits 100
Franchise Fees 9,000
IRP Fees (Interstate Registration Plan) 7,500
Parks & Recreation 900
Municipal Service Fees 230,500
Rents, Royalties and Concessions 44,000
Gaming Income 23,000
Interest Earned on Investments 250
Refunds 100
Accident Reports 200
Video Lottery (LVL) 4,000
Miscellaneous Revenues 600
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 695,490
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ –
Coal Severance Tax 2,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 2,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 2,996 –
City Council 4,844 –
Recorder’s Office 2,261 –
City Manager’s Office 11,885 –
Police Judge’s Office 7,317 –
Regional Development Authority 800 –
Planning & Zoning 4,125 –
Elections 6,185 –
City Hall 23,708 –
Other buildings 20,218 –
Contingencies 18,006 –
Police Department 395,500 –
Fire Department 33,029 –
Streets and Highways 70,200 1,000
Street Lights 35,000 –
Parks & Recreation 30,074 1,000
Visitors Bureau 50 –
Library 6,070 –
Cemeteries 24,222 –
TOTAL ESTIMATED EXPENDITURES $ 695,490 $ 2,000
MUNICIPALITY OF RONCEVERTE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY l, 2017 – ,JUNE 30, 2018
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 $ 15,846,490 25.00 $ 39,616
Personal Property 11,514 29
Total Class II $ 15,858,004 $ 39,645
CLASS IV
Real Estate $ 10,216,940 50.00 $ 51,085
Personal Property 9,542,396 47,712
Public Utility 4,830,795 24,154
Total Class IV $ 24,590,131 $ 122,951
Total Value & Projected Revenue $ 40,448,135 $ 162,596
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 8,130
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 3,089
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 151,377
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 3,028
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 148,349
MUNICIPALITY OF RONCEVERTE, WEST VIRGINIA
Excess Levy / Levies
FISCAL YEAR JULY 1, 2017 – JUNE 30, 2018
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 $ 15,846,490 12.50 $ 19,808
Personal Property 11,514 14
Total Class II $ 15,858,004 $ 19,822
CLASS IV
Real Estate $ 10,216,940 25.00 $ 25,542
Personal Property 9,542,396 23,856
Public Utility 4,830,795 12,077
Total Class IV $ 24,590,131 $ 61,475
Total Value & Projected Revenue $ 40,448,135 $ 81,297
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,065
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,545
Net Amount to be Raised by Levy for Budget Purposes $ 75,687
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 20th day of March, 2017.