AGENDA DATE: 5/14/2020
TITLE:
Title
Adoption of the FY 21 Operating and Capital Budget
BODY
SUBJECT/PROPOSAL/REQUEST: Request Board adoption of the FY 21 Operating and Capital Budget
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Kamptner, L. Allshouse, Bowman, Vinzant
PRESENTER (S): Lori Allshouse
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: The County's budget development schedule was modified this year due to the timing of the COVID-19 pandemic. The County held a tax rate public hearing on the 2020 Tax Year tax rates on April 13, 2020 and approved a real estate tax rate of $0.854 per $100 of assessed value for the 2020 Tax Year on April 15, 2020. The County Executive submitted a revised Fiscal Year (FY) 21 Proposed Operating and Capital Budget to the Board of /Supervisors on April 22, 2020. The Board held a work session on the revised FY 21 Proposed Operating and Capital budget on April 29, 2020, a public hearing on May 6, and a second work session on May 11.
STRATEGIC PLAN: Mission: To enhance the well-being and quality of life for all citizens through the provision of the highest level of public service consistent with the prudent use of public funds
DISCUSSION: The FY 21 Operating and Capital Budget for the Board's approval on May 14, 2020 totals $396,971,885 and is based upon the real estate tax rate of $0.854 per $100 of assessed value for the 2020 Tax Year. This is a decrease of $330,957 from the County Executive's Revised Recommended Budget of $397,302,842 and reflects changes made during the Board's work sessions and updated School Division estimates provided by the School Division. The revenue and expenditure changes totaling $330,957 made to the County Executive's Revised Recommended Budget are summarized on the following table:
Revenue Adjustments
Expenditure Adjustments
Fund
Item
Amount
General Fund
Deputy Sheriff
$74,223
Charlottesville Area Transit
($618,996)
TJPDC Planning & ...
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