| 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 2007-2008 | |||||||||||||||
| Gas & Oil Severance (as reported in account #306 on page 4) | $ | 31,222 | |||||||||||||
| Expenditures 2007-2008 | |||||||||||||||
| General Government | $ | ||||||||||||||
| Public Safety | |||||||||||||||
| Health & Sanitation | |||||||||||||||
| Culture & Recreation | |||||||||||||||
| Social Services | |||||||||||||||
| Capital Projects | 31,222 | ||||||||||||||
| Total Expenditure (must equal total gas & oil revenue) | $ | 31,222 | |||||||||||||