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Supplement |
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CID 12:20 |
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| Gas and Oil Severance Tax |
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| W.Va. Code §11-13A-5a |
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| Moneys
distributed to any county or municipality must be deposited in the general
fund and may be used for purposes |
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| determined
to be in the best interest of the county or municipality. In counties with population in excess of
200,000 |
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| at
least 75% must be expended within the gas & oil producing areas of the
county. Not more than 25% of gas
& oil |
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| severance
may be budgeted for personal services.
Each county and municipality is required to submit to the State
Auditor, |
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| on forms
provided by the State Auditor, a special budget detailing how gas & oil
severance funds are to be spent. On
or |
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| before
December 15, the State Auditor must deliver to the clerk of the Senate and
the clerk of the House of Delegates, |
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| a consolidated report of
such budgets. |
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| ALTHOUGH
GAS & OIL SEVERANCE TAX IS A GENERAL FUND REVENUE AND EXPENDITURE, |
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| IN
ORDER TO FULFILL THE AFOREMENTIONED STATUTORY REQUIREMENTS, PLEASE |
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| PROVIDE
THE FOLLOWING SUPPLEMENTAL INFORMATION |
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| Revenue |
2002-2003 |
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| Gas
& Oil Severance (as reported in account #306 on page 4) |
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$___________ |
13,000 |
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| Expenditure |
2002-2003 |
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| General
Government |
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13,000 |
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| Public Safety |
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| Health
& Sanitation |
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| Culture
& Recreation |
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| Social
Services |
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| Capital
Projects |
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| Total Expenditure (must equal total
gas & oil revenue) |
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$ |
13000 |
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