FISCAL YEAR JULY 1, 2017 – JUNE 30, 2018
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:
Committed Fund Balance 49,000
Assigned Fund Balance 362,888
Unassigned Fund Balance 200,000
Property Taxes – Current Expense 384,400
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 14,000
Licenses 5,000
Building Permit Fees 7,000
Franchise Fees 51,000
IRP Fees (Interstate Registration Plan) 5,000
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 1,040
Video Lottery (LVL) 19,000
Miscellaneous Revenues 3,000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $1,773,061
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 1,100
Coal Severance Tax 6,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 7,100
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Mayorás Office 12,365 —
City Council 5,541 —
City Clerkás Office 31,010 —
Police Judgeás Office 3,720 —
City Attorney 11,000 —
Personnel Office 12,355 —
Regional Development Authority 6,000 —
Building Inspection 12,590 —
City Hall 77,925 —
Contingencies 130,559 —
Police Department 584,489 —
Police-Special Duty 17,615 —
Fire Department 53,160 —
Dog Warden/Humane Society 3,000 —
Ambulance Authority 60,000 —
Streets and Highways 242,668 —
Street Lights 30,322 —
Signs and Signals 3,844 —
Local Health Department — 3,600
Parks & Recreation 106,810 —
Visitors Bureau 5,200 —
Swimming Pools 15,000 —
Arts & Humanities — 1,000
Library — 500
Beautification Programs — 2,000
Capital Projects – General Government 362,888 —
TOTAL ESTIMATED EXPENDITURES $1,773,061 $ 7,100
MUNICIPALITY OF WILLIAMSTOWN, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2017 – JUNE 30, 2018
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 $90,654,000 25.00 $226,635
Personal Property 11,298 28
Total Class II $90,665,298 $226,663
CLASS IV
Real Estate $17,898,660 50.00 $ 89,493
Personal Property 17,999,523 89,998
Public Utility 4,844,482 24,222
Total Class IV $40,742,665 $203,713
Total Value & Projected Revenue $131,407,963 $430,376
Less Delinquencies, Exonerations & UncollectableTaxes 7.00% 30,126
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 8,005
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 392,245
Less Assessor Valuation Fund 2.00% 7,845
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $384,400
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 21st day of March, 2017.
/s/:Susan Knopp
City Clerk
Mar 30, Apr 6