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LEVY ESTIMATE – BUDGET DOCUMENT

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FISCAL YEAR JULY 1, 2018 – JUNE 30, 2019

LEVY ESTIMATE – BUDGET DOCUMENT

 

STATE OF WEST VIRGINIA

MUNICIPALITY OF WILLIAMSTOWN, 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:

 

FEVENUUE SOURCE

Nonspendable Fund Balance                                                         $              —

Committed Fund Balance                                                                      79,000

Assigned Fund Balance                                                                      367,005

Unassigned Fund Balance                                                                  200,000

Property Taxes – Current Expense                                                       391,710

Gas & Oil Severance Tax                                                                        6,200

Excise Tax on Utilities                                                                            97,000

Wine & Liquor Tax                                                                                 50,000

Animal Control Tax                                                                                  1,100

Hotel Occupancy Tax                                                                            10,400

Sales Tax                                                                                            300,000

Fines, Fees & Court Costs                                                                     23,000

Licenses                                                                                                 8,400

Building Permit Fees                                                                               7,000

Franchise Fees                                                                                     51,000

IRP Fees (Interstate Registration Plan)                                                    9,000

Private Liquor Club Fee                                                                              500

Police Protection Fees                                                                          67,333

Street Fees                                                                                           62,000

Ambulance Fees                                                                                   30,000

Federal Government Grants                                                                  20,000

Contributions from Other Entities                                                           13,500

Gaming Income                                                                                     13,700

Interest Earned on Investments                                                              1,050

Refunds                                                                                                  5,000

Video Lottery (LVL)                                                                               19,000

Miscellaneous Revenues                                                                         3,000

TOTAL ESTIMATED REVENUE (GENERAL FUND)                        $1,835,898

 

COAL SEVERANCE TAX FUND

REVENUE SOURCE

 

Assigned Fund Balance                                                                   $     1,000

Coal Severance Tax                                                                                6,000

TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND)           $     7,000

 

General                    Coal Severance

Fund                              Fund

ESTIMATED CURRENT EXPENDITURES

Economic Development                                $            —                    $            —

Mayorás Office                                                    12,365                                  —

City Council                                                         5,541                                  —

City Clerkás Office                                               30,670                                  —

Police Judgeás Office                                           3,720                                  —

City Attorney                                                      14,000                                  —

Personnel Office                                                12,355                                  —

Rehabilitation of Property                                  25,000                                  —

Regional Development Authority                          6,000                                  —

Building Inspection                                            13,075                                  —

City Hall                                                             79,111                                  —

Contingencies                                                   65,112                                  —

Police Department                                           674,028                                  —

Police-Special Duty                                            16,947                                  —

Fire Department                                                 53,160                                  —

Dog Warden/Humane Society                              3,000                                  —

Ambulance Authority                                         60,000                                  —

Streets and Highways                                      245,364                                  —

Street Lights                                                      30,322                                  —

Signs and Signals                                               3,844                                  —

Local Health Department                                            —                           3,600

Parks & Recreation                                          101,859                                  —

Visitors Bureau                                                    5,200                                  —

Arts & Humanities                                                       —                           1,000

Library                                                                        —                              500

Beautification Programs                                       8,220                           1,900

Capital Projects – General Government            367,005                                  —

TOTAL ESTIMATED EXPENDITURES        $1,835,898                   $      7,000

 

MUNICIPALITY OF WILLIAMSTOWN, WEST VIRGINIA

Regular Current Expense Levy

FISCAL YEAR JULY 1, 2018 – JUNE 30, 2019

 

Certificate of Valuation

Assessed Values                 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                                  $94,277,740                25.00                $235,694

Personal Property                                 10,302                                                     26

Total Class II                                   $94,288,042                                          $235,720

 

CLASS IV

Real Estate                                 $18,441,480                50.00                $  92,207

Personal Property                          17,281,380                                              86,407

Public Utility                                     4,845,105                                              24,226

Total Class IV                                  $40,567,965                                          $202,840

Total Value & Projected Revenue $134,856,007                                         $438,560

 

Less Delinquencies, Exonerations & UncollectableTaxes       7.00%                 30,699

Less Tax Discounts (use Total Projected Revenue to calculate) 2.00%               8,157

Less Allowance for Tax Increment Financing (if Applicable)                                        0

 

Total Projected Property Tax Collection                                                    $ 399,704

 

Less Assessor Valuation Fund                                               2.00%                   7,994

(Subtracted from regular current expense taxes levied only)

 

Net Amount to be Raised by Levy of Property Taxes                                 $391,710

 

STATE OF WEST VIRGINIA

COUNTY OF WOOD

MUNICIPALITY OF WILLIAMSTOWN

 

I, Susan Knopp, 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 20th day of March, 2018.

 

/s/:Susan Knopp

City Clerk

 

 

Mar 27, Apr 3

 


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