Randolph

STATE OF WEST VIRGINIA MUNICIPALITY OF TOWN OF WOMELSDORF (COALTON), WEST VIRGINIA

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:
General
Fund
REVENUE SOURCE
Property Taxes – Current Expense 13,655
Gas & Oil Severance Tax 450
Excise Tax on Utilities 1,415
Building Permit Fees 45
IRP Fees (Interstate Registration Plan) 5,035
Gaming Income 14,750
Video Lottery (LVL) 700
TOTAL ESTIMATED REVENUE 36,050

ESTIMATED CURRENT EXPENDITURES
Regional Development Authority 250
City Hall 23,800
Contributions / Transfers to Other Funds 7,000
Street and Highways 3,500
Fair Associations/Festivals 1,500
TOTAL ESTIMATED EXPENDITURES 36,050

MUNICIPALITY OF TOWN OF WOMELSDORF (COALTON),
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 11.88 0
Public Utility 0 0
Total Class I 0 0
CLASS II
Real Estate 2,157,420 23.76 5,126
Personal Property 20,626 49
Total Class II 2,178,046 5,175
CLASS IV
Real Estate 679,600 47.52 3,229
Personal Property 819,692 3,895
Public Utility 561,257 2,667
Total Class IV 2,060,549 9,791
Total Value &
Projected Revenue 4,238,595 14,966

Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 748
Less Tax Discounts (use Total Projected
Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 284
Less Allowance for Tax Increment
Financing (if Applicable) 0

Total Projected Property Tax Collection 13,934

Less Assessor Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 279
(Subtracted from regular current expense taxes levied only)

Net Amount to be Raised by Levy of Property Taxes 13,655

STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF WOMELSDORF (COALTON)

I, CAROL SILVESTER, 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 28th day of March, 2016.
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