FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
LEVY ESTIMATE – BUDGET DOCUMENT
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 35,000
Property Taxes – Current Expense 53,891
Prior Year Taxes 1,500
Supplemental Taxes 1,000
Tax Penalties, Interest & Publication Fees 300
Gas & Oil Severance Tax 1,500
Excise Tax on Utilities 18,000
Wine & Liquor Tax 100
Animal Control Tax 75
Licenses 1,000
Building Permit Fees 50
Franchise Fees 11,500
IRP Fees (Interstate Registration Plan) 3,500
Transfers from Rainy Day Fund 3,712
Gaming Income 12,000
Video Lottery (LVL) 1,500
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 144,628
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 500
Coal Severance Tax 2,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 2,500
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayor’s Office 6,000 –
City Council 6,975 –
Recorder’s Office 2,000 –
City Clerk’s Office 11,000 –
City Attorney 5,000 –
Personnel Office 27,556 –
Regional Development Authority 800 –
City Hall 41,403 2,500
Fire Department 1,000 –
Streets and Highways 3,500 –
Street Lights 10,000 –
Signs and Signals 1,000 –
Parks & Recreation 24,394 –
Fair Associations/Festivals 2,500 –
Library 1,000 –
Aging Program (Senior Citizens) 500 –
TOTAL ESTIMATED EXPENDITURES $ 144,628 $ 2,500
MUNICIPALITY OF MILL CREEK, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2016 – JUNE 30, 2017
Certificate of Valuation
Assessed ValueLevyTaxes
for Tax PurposesRate/$100Levied
CLASS I
Personal Property $ 0 12.50 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 5,885,390 25.00 $ 14,713
Personal Property 337,510 844
Total Class II $ 6,222,900 $ 15,557
CLASS IV
Real Estate $ 2,764,920 50.00 $ 13,825
Personal Property 2,143,789 10,719
Public Utility 3,792,950 18,965
Total Class IV $ 8,701,659 $ 43,509
Total Value & Projected Revenue $ 14,924,559 $ 59,066
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 2,953
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,122
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 54,991
Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,100
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 53,891
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF MILL CREEK
I, CAROLYN MEADE, 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 10 day of March, 2016.
Carolyn Meade
RECORDER
3/23, 3/30