FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
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 100
Property Taxes – Current Expense 153,956
Property Taxes – Excess Levy 53,413
Property Taxes – Excess Levy 25,135
Gas & Oil Severance Tax 3,200
Excise Tax on Utilities 67,000
Business and Occupation Tax 60,000
Wine & Liquor Tax 450
Animal Control Tax 200
Hotel Occupancy Tax 150
Fines, Fees & Court Costs 17,000
Licenses 1,600
Building Permit Fees 2,500
Miscellaneous Permits 100
Franchise Fees 7,500
IRP Fees (Interstate Registration Plan) 4,500
Cemetery Revenue 600
Parks & Recreation 1,000
Municipal Service Fees 230,000
Rents, Royalties and Concessions 40,000
Gaming Income 31,000
Interest Earned on Investments 120
Refunds 500
Accident Reports 200
Video Lottery (LVL) 4,600
Miscellaneous Revenues 100
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $ 704,924
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Coal Severance Tax 6,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 6,000
General Coal
ESTIMATED CURRENT EXPENDITURES Fund Severance Fund
Mayor’s Office $ 2,791 –
City Council 4,867 –
Recorder’s Office 2,267 –
City Manager’s Office 11,121 –
Police Judge’s Office 9,067 –
Regional Development Authority 64 –
Planning & Zoning 1,975 –
City Hall 22,057 –
Other buildings 26,261 –
Contingencies 9,068 –
Police Department 380,100 –
Fire Department 33,029 –
Streets and Highways 99,196 4,000
Street Lights 32,200 –
Parks & Recreation 29,233 2,000
Visitors Bureau 75 –
Library 4,918 –
Cemeteries 25,135 –
Capital Projects – General Government 7,500 –
Capital Projects – Street and Transportation 4,000 –
TOTAL ESTIMATED EXPENDITURES $ 704,924 $ 6,000
MUNICIPALITY OF Ronceverte, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
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 $ 15,464,590 25.00 $ 38,661
Personal Property 0 0
Total Class II $ 15,464,590 $ 38,661
Class IV
Real Estate $ 9,506,460 50.00 $ 47,532
Personal Property 11,551,738 57,759
Public Utility 4,957,844 24,789
Total Class IV $ 26,016,042 $ 130,080
Total Value &
Projected Revenue $ 41,480,632 $ 168,741
Less Delinquencies, Exonerations, & Uncollectable Taxes: 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 8,437
Less Tax Discounts (Use Total Projected 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 3,206
Revenue to calculate)
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 157,098
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 3,142
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 153,956
MUNICIPALITY OF Ronceverte, WEST VIRGINIA
Excess Levy/Levies
FISCAL YEAR JULY 1, 2015 – JUNE 30, 2016
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 $ 15,464,590 12.50 $ 19,331
Personal Property 0 0
Total Class II $ 15,464,590 $ 19,331
Class IV
Real Estate $ 9,506,460 25.00 $ 23,766
Personal Property 11,551,738 28,879
Public Utility 4,957,844 12,395
Total Class IV $ 26,016,042 $ 65,040
Total Value &
Projected Revenue $ 41,480,632 $ 84,371
Less Delinquencies, Exonerations, & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 4,219
Less Tax Discounts (use Total Projected
Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,603
Net Amount to be Raised by Levy For Budget Purposes $ 78,549
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 23rd day of March, 2015.