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Public Hearing on Proposed FY-15 Budget

   PUBLIC HEARING

Proposed Budget for 2014/2015

 The Nelson County Board of Supervisors will conduct a public hearing on the proposed budget for the 2014/2015 fiscal year on Thursday, May 29, 2014, in the General District Courtroom within the County Courthouse located in Lovingston, Virginia to begin at 7:00 p.m. or as soon thereafter as possible, pursuant to Section 15.2-2506 of the Code of Virginia of 1950, as amended.  A brief synopsis of the proposed budget which, except in the case of the school division budget, shall be for informative and fiscal planning purposes only, is presented herein below.  At the public hearing comments from county citizens will be accepted on the general fund budget, the debt service fund budget, the capital fund budget, the school division’s budget, the textbook fund budget, the Piney River water/sewer budget, and the courthouse project fund budget.  A copy of these proposed budgets may be reviewed at the County Administrator’s Office during normal office hours.

The proposed 2014/2015 Fiscal year budget includes the Real Estate Tax Rate (inclusive of mobile homes taxed at the Real Estate Tax Rate), Personal Property Tax Rate, and the Machinery and Tools Tax Rate as established on April 15, 2014  to be effective January 1, 2013.  All tax rates are as follows:

2013              2014

Real Property Tax                         $0.60              $0.72

Tangible Personal Property           2.95                3.45

Machinery & Tools Tax                    1.25                1.25

Mobile Home Tax                              0.60                0.72

 

PROPOSED 14/15 GENERAL FUND BUDGET

Anticipated Revenue (Local)

General Property Taxes                                            $23,351,554

Other Local Taxes                                                          3,985,365

Permits, Fees, and Licenses                                           242,750

Fines and Forfeitures                                                       362,600

Interest and Rentals                                                           50,000

Charges for Services                                                         231,320

Expenditure Refunds                                                         15,000

Miscellaneous                                                                      15,500

Recovered Costs                                                               616,000

TOTAL ANTICIPATED LOCAL REVENUES      $28,870,089

Anticipated Revenues (State)

Non-categorical Aid                                                          653,000

Categorical Aid                                                               2,813,573

 

TOTAL ANTICIPATED STATE REVENUES       $3,466,573

Anticipated Revenues (Federal)

Non-categorical Aid                                                          54,000

Categorical Aid                                                                  479,030

TOTAL ANTICIPATED FEDERAL REVENUES $   533,030

Year Ending Balance                                                                2,279,863

TOTAL AVAILABLE REVENUE                            $35,149,555

Proposed Expenditures

General Government Administration                          1,819,963

Judicial Administration (including debt)                    1,040,471

Public Safety (including debt)                                         5,254,720

Public Works (including debt)                                        2,439,054

Health & Welfare                                                                   2,188,941

Education (including debt)                                            16,850,449

Parks and Recreation                                                             204,203

Community Development                                                     540,694

Non-Departmental                                                                1,518,449

Capital Outlay                                                                          1,503,324

Contingency Reserve                                                           1,789,287

 

TOTAL PROPOSED EXPENDITURES AND RESERVE         $35,149,555

 

 PROPOSED 14/15  DEBT SERVICE BUDGET

 TOTAL ANTICIPATED REVENUE                                                $ 3,266,560

TOTAL PROPOSED EXPENDITURES                                           $ 3,266,560

 

PROPOSED 14/15 CAPITAL FUND BUDGET

           TOTAL ANTICIPATED REVENUE                                                       $897,940 

            TOTAL  PROPOSED  EXPENDITURES                                             $897,940

 

               PROPOSED 14/15  SCHOOL DIVISION BUDGET                          

 Anticipated Revenue (Local)

Transfer from General Fund                                      14,171,107

Transfer from General Fund (School Buses)            190,000

Transfer from General Fund (School Nursing)        215,000

Transfer from General Fund (Facility Improvements)   58,221

Other Local Funds                                                                   1,143,879

TOTAL ANTICIPATED LOCAL REVENUE           $15,778,207

Anticipated Revenue (State)

State Aid                                                                          6,488,397

State Sales Tax                                                              1,994,458

TOTAL ANTICIPATED STATE REVENUE             $8,482,855

Anticipated Revenue (Federal)

Categorical Aid                                                               1,662,951

TOTAL ANTICIPATED FEDERAL REVENUE       $1,662,951

                             TOTAL ANTICIPATED REVENUES                $25,924,013

Proposed Expenditures

Major Categories Combined                                    $25,924,013

TOTAL PROPOSED EXPENDITURES                                     $25,924,013

 

PROPOSED 14/15 TEXTBOOK FUND  BUDGET

          TOTAL ANTICIPATED REVENUE                                                        $366,958

           TOTAL PROPOSED EXPENDITURES                                                $366,958

PROPOSED 14/15 PINEY RIVER WATER/SEWER  BUDGET

          TOTAL ANTICIPATED REVENUE                                                        $213,361

          TOTAL PROPOSED EXPENDITURES                                                $213,361

PROPOSED 14/15  COURTHOUSE PROJECT BUDGET

TOTAL ANTICIPATED REVENUE                                              $705,000

TOTAL PROPOSED EXPENDITURES                                         $705,000

 

FY14/15 BUDGET SUMMARY AS PROPOSED

REVENUES BY FUND

General Fund                                                $35,149,555

Debt Service Fund                                           3,266,560

Capital Fund                                                           897,940

School Division                                               25,924,013

Textbook Fund                                                      366,958

Piney River Water & Sewer Fund                  213,361

Courthouse Project Fund                          __705,000

$66,523,387

 

EXPENDITURES BY FUND

 

General Fund                                                 $35,149,555

Debt Service Fund                                             3,266,560

Capital Fund                                                          897,940

School Division                                              25,924,013

Textbook Fund                                                       366,958

Piney River Water & Sewer Fund                      213,361

Courthouse Project Fund                             ___705,000

$66,523,387