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Thomas Levy Estimate

Legal 3×13”
0321 0328

FISCAL YEAR JULY 1, 2107 – JUNE 30, 2019
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF THOMAS, 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
Property Taxes – Current Expense $ 92,324
Gas & Oil Severance Tax 770
Excise Tax on Utilities 8,300
Business and Occupation Tax –
Wine & Liquor Tax 8,000
Hotel Occupancy Tax 2,400
Licenses 1,300
Building Permit Fees 6,000
Franchise Fees 2,000
IRP Fees (Interstate Registration Plan) 1,600
Parks & Recreation 2,400
Refuse Collection 52,000
Gaming Income 7,000
Video Lottery (LVL) 35
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 184,129
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Coal Severance Tax 1,502
TOTAL ESTIMATED REVENUE $ 1,502
(COAL SEVERANCE FUND)
Coal
General Severance
ESTIMATED CURRENT EXPENDITURES Fund Fund
Mayor’s Office 375 –
City Council 750 –
Recorder’s Office 375 –
City Clerk’s Office 17,150 –
City Attorney 250 –
City Auditor 4,300 –
Regional Development Authority 586 –
Elections 1,500 –
Data Processing 4,500 –
City Hall 16,000 –
Public Works Department 40,643 –
Public Grounds 2,000 –
Streets and Highways 12,000 –
Street Lights 14,400 1,502
Signs and Signals 5,500 –
Snow Removal 10,000 –
Garbage Department 49,000 –
Parks & Recreation 2,400 –
Visitors Bureau 2,400 –
TOTAL ESTIMATED EXPENDITURES $ 184,129 $ 1,502
MUNICIPALITY OF THOMAS, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2017 – JUNE 30, 2019
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 11.52 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 7,883,040 23.04 $ 18,163
Personal Property 8,172 19
Total Class II $ 7,891,212 $ 18,182
CLASS IV
Real Estate $ 9,053,500 46.08 $ 41,719
Personal Property 2,859,525 13,177
Public Utility 6,067,303 27,958
Total Class IV $ 17,980,328 $ 82,854
Total Value & Projected Revenue $ 25,871,540 $ 101,036
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 5,052
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,920
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 94,064
Less Assessor Valuation Fund 1.85{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 1,740
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 92,324
STATE OF WEST VIRGINIA
COUNTY OF Tucker
MUNICIPALITY OF Thomas
I, Terry Stone, 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 ___ day of March, 2018.