FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA MUNICIPALITY OF HUTTONSVILLE, WEST VIRGINIA
In accordance with Code section 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 $ 12,000
Property Taxes – Current Expense 14,932
Prior Year Taxes 250
Supplemental Taxes 500
Tax Penalties, Interest & Publication Fees 100
Gas & Oil Severance Tax 400
Excise Tax on Utilities 5,000
Wine & Liquor Tax 15,000
Animal Control Tax 25
Licenses 450
Franchise Fees 3,000
IRP Fees (Interstate Registration Plan) 1,500
Rents, Royalties, and Concessions 4,000
Civic Center / Coliseum 500
Transfers from Rainy Day Fund 6,415
Gaming Income 12,000
Filing Fees 35
Video Lottery (LVL) 500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $76,607
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 250
Coal Severance Tax 800
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $1,050
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office $ 1,620 $ –
City Council 6,000 –
Recorder’s Office 1,620 –
Treasurer’s Office 10,000 –
Housing Authority 50 –
Regional Development Authority 300 –
Elections 2,000 –
City Hall 34,517 1,050
Fire Department 4,000 –
Streets and Highways 1,500 –
Street Lights 2,400 –
Snow Removal 3,000 –
Water & Sewer 600 –
Parks & Recreation 3,000 –
Playgrounds 2,000 –
Aging Program (Senior Citizens) 4,000 –
TOTAL ESTIMATED EXPENDITURES $ 76,607 $ 1,050
MUNICIPALITY OF HUTTONSVILLE, WEST VIRGINIA
Regular Current Expense Levy
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 11.86 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 2,499,840 23.72 $ 5,930
Personal Property 142,776 339
Total Class II $ 2,642,616 $ 6,269
CLASS IV
Real Estate $ 902,640 47.44 $ 4,282
Personal Property 755,944 3,586
Public Utility 469,878 2,229
Total Class IV $ 2,128,462 $ 10,097
Total Value & Projected Revenue $ 4,771,078 $ 16,366
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 818
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 311
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 15,237
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 305
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 14,932
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF HUTTONSVILLE
I, Janice M. Currence , 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 8th day of March, 2016.
Janice M. Currence
Recorder
3/15, 3/22