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FY17-FY18 Proposed Budget Public Hearing

PUBLIC HEARING
Proposed Budget for 2017/2018

The Nelson County Board of Supervisors will conduct a public hearing on the proposed budget for the 2017/2018 fiscal year on Thursday, May 25, 2017, 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 2017/2018 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 11, 2017 to be effective January 1, 2017. All tax rates are levied per $100 of assessed value as follows:
Year                                         2016                   2017
Real Property Tax                    $0.72                $0.72
Tangible Personal Property     3.45                   3.45
Machinery & Tools Tax             1.25                   1.25
Mobile Home Tax                      0.72                  0.72

PROPOSED 17/18 GENERAL FUND BUDGET

Anticipated Revenue (Local)
General Property Taxes $24,384,686
Other Local Taxes 4,418,262 Permits, Fees, and Licenses 221,750
Fines and Forfeitures 221,750
Interest and Rentals 100,000 Charges for Services 257,900
Expenditure Refunds 15,000
Miscellaneous 30,800
Recovered Costs 660,045

TOTAL ANTICIPATED LOCAL REVENUES $30,310,193

Anticipated Revenues (State)
Non-categorical Aid 632,000
Categorical Aid 5,222,826

TOTAL ANTICIPATED STATE REVENUES $5,854,826

Anticipated Revenues (Federal)
Non-categorical Aid 54,000
Categorical Aid 850,133

TOTAL ANTICIPATED FEDERAL REVENUES $ 904,133

Insurance Recoveries 3,750
Transfer from Other Funds 257,851
Year Ending Balance 1,523,247
TOTAL AVAILABLE REVENUE $38,854,000
Proposed Expenditures
General Government Administration 2,019,658
Judicial Administration (including debt) 1,369,280
Public Safety (including debt) 5,624,431
Public Works (including debt) 2,364,394
Health & Welfare 2,420,794
Education (including debt) 18,365,960
Parks and Recreation 206,427
Community Development 542,907
Non-Departmental 4,065,922
Capital Outlay 1,080,344
Contingency Reserve 793,883

TOTAL PROPOSED EXPENDITURES
AND RESERVE $38,854,000

PROPOSED 17/18 DEBT SERVICE BUDGET

TOTAL ANTICIPATED REVENUE $ 3,233,819

TOTAL PROPOSED EXPENDITURES $ 3,233,819

PROPOSED 17/18 CAPITAL FUND BUDGET

TOTAL ANTICIPATED REVENUE $898,251

TOTAL PROPOSED EXPENDITURES $898,251
PROPOSED 17/18 SCHOOL DIVISION BUDGET

Anticipated Revenue (Local)
Transfer from General Fund 15,370,887
Transfer from General Fund (School Buses) 162,000
Transfer from General Fund (School Nursing) 235,000
Transfer from General Fund (Facility Improvements) 400,000
Other Local Funds 1,042,546

TOTAL ANTICIPATED LOCAL REVENUE $17,210,433

Anticipated Revenue (State)
State Aid 6,386,164
State Sales Tax 2,161,187

TOTAL ANTICIPATED STATE REVENUE $8,547,351

Anticipated Revenue (Federal)
Categorical Aid 1,663,933

TOTAL ANTICIPATED FEDERAL REVENUE $1,663,933
TOTAL ANTICIPATED REVENUES $27,421,717

Proposed Expenditures
Major Categories Combined $27,421,717
TOTAL PROPOSED EXPENDITURES $27,421,717
PROPOSED 17/18 TEXTBOOK FUND BUDGET

TOTAL ANTICIPATED REVENUE $665,473

TOTAL PROPOSED EXPENDITURES $665,473

 

PROPOSED 17/18 PINEY RIVER WATER/SEWER BUDGET

 

TOTAL ANTICIPATED REVENUE $218,336

TOTAL PROPOSED EXPENDITURES $218,336

PROPOSED 17/18 COURTHOUSE PROJECT BUDGET

TOTAL ANTICIPATED REVENUE $406,270

TOTAL PROPOSED EXPENDITURES $406,270
FY17/18 BUDGET SUMMARY AS PROPOSED

REVENUES BY FUND

General Fund $38,854,000
Debt Service Fund 3,233,819
Capital Fund 898,251 School Division 27,421,717
Textbook Fund 665,473
Piney River Water & Sewer Fund 218,336
Courthouse Project Fund __406,270
$71,697,866

EXPENDITURES BY FUND

General Fund $38,854,000
Debt Service Fund 3,233,819
Capital Fund 898,251 School Division 27,421,717
Textbook Fund 665,473
Piney River Water & Sewer Fund 218,336
Courthouse Project Fund __406,270
$71,697,866