Supplement

Page 18

LGS 12:20

Gas and Oil Severance Tax

W.Va. Code §11-13A-5a

Moneys distributed to any county or municipality must be deposited in the general fund and may be used for purposes

determined to be in the best interest of the county or municipality.    In counties with population in excess   of   200,000

at least  75%  must be expended within the gas & oil producing areas of the county.   Not more than  25%  of gas & oil

severance may be budgeted for personal services.    Each county and municipality is required  to  submit  to  the State

Auditor on forms provided by the State Auditor, a special budget detailing how  gas  &  oil  severance funds  are  to  be

spent.  On or before December 15, the State Auditor must deliver to the clerk of the Senate and the clerk of the House

of Delegates a consolidated report of such budgets.

ALTHOUGH  GAS  &  OIL  SEVERANCE  IS  A  GENERAL  FUND  REVENUE  AND

EXPENDITURE,  IN  ORDER  TO FULFILL THE AFOREMENTIONED STATUTORY

REQUIREMENTS,   PLEASE    PROVIDE   THE    FOLLOWING   SUPPLEMENTAL

INFORMATION:

Revenue 2006-2007

Gas & Oil Severance (as reported in account #306 on page 4)

$

31,222

Expenditures 2006-2007

General Government

$

Public Safety

Health & Sanitation

Culture & Recreation

Social Services

Capital Projects

31,222

Total Expenditure (must equal total gas & oil revenue)

$

31,222