Legal 3X17-1/2”
0324 0331
FISCAL YEAR JULY 1, 2018- JUNE 30, 2019
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 750
Property Taxes – Current Expense 153,555
Property Taxes – Excess Levy 53,276
Property Taxes – Excess Levy 25,070
Gas & Oil Severance Tax 3,000
Excise Tax on Utilities 88,000
Business and Occupation Tax 30,000
Wine & Liquor Tax 850
Animal Control Tax 300
Hotel Occupancy Tax 100
Fines, Fees & Court Costs 18,000
Parking Violations 10
Licenses 2,100
Building Permit Fees 2,700
Miscellaneous Permits 200
Franchise Fees 9,000
IRP Fees (Interstate Registration Plan) 11,000
Cemetery Revenues 400
Parks & Recreation 950
Municipal Service Fees 230,500
Rents, Royalties and Concessions 44,000
Gaming Income 21,000
Refunds 100
Accident Reports 300
Video Lottery (LVL) 8,000
Miscellaneous Revenues 100
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 703,261
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ –
Coal Severance Tax 3,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 3,000
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 3,165 –
City Council 4,614 –
Recorder’s Office 2,302 –
City Manager’s Office 12,517 –
Police Judge’s Office 7,947 –
Regional Development Authority 800 –
Building Inspection 3,025 –
Elections 6,185 –
City Hall 23,784 –
Other buildings 39,231 –
Contingencies 2,749 –
Police Department 393,780 –
Fire Department 33,029 –
Streets and Highways 68,895 –
Street Lights 35,000 –
Snow Removal 3,400 –
Parks & Recreation 31,718 3,000
Visitors Bureau 50 –
Library 6,000 –
Cemeteries 25,070 –
TOTAL ESTIMATED EXPENDITURES $ 703,261 $ 3,000
MUNICIPALITY OF RONCEVERTE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2018 – JUNE 30, 2019
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 $ 16,126,030 25.00 $ 40,315
Personal Property 0 0
Total Class II $ 16,126,030 $ 40,315
CLASS IV
Real Estate $ 10,693,860 50.00 $ 53,469
Personal Property 10,452,098 52,260
Public Utility 4,451,667 22,258
Total Class IV $ 25,597,625 $ 127,987
Total Value & Projected Revenue $ 41,723,655 $ 168,302
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 8,415
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 3,198
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 156,689
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 3,134
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $153,555
MUNICIPALITY OF RONCEVERTE, WEST VIRGINIA
Excess Levy / Levies
FISCAL YEAR JULY 1, 2018 – JUNE 30, 2019
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 $ 16,126,030 12.50 $ 20,158
Personal Property 0 0
Total Class II $ 16,126,030 $ 20,158
CLASS IV
Real Estate $ 10,693,860 25.00 $ 26,735
Personal Property 10,452,098 26,130
Public Utility 4,451,667 11,129
Total Class IV $ 25,597,625 $ 63,994
Total Value & Projected Revenue $ 41,723,655 $ 84,152
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,208
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,599
Net Amount to be Raised by Levy for Budget Purposes $ 78,345
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 19th day of March, 2018.