Greenbrier

Ronceverte Levy Estimate

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.