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