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BOS Public Hearing May 10, 2018 at 7PM – FY19 Budget

PUBLIC HEARING
Proposed Budget for 2018/2019

The Nelson County Board of Supervisors will conduct a public hearing on the proposed budget for the 2018/2019 fiscal year on Thursday, May 10, 2018, 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, and the Piney River water/sewer budget. A copy of these proposed budgets may be reviewed at the County Administrator’s Office during normal office hours.

The proposed 2018/2019 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 3, 2018 to be effective January 1, 2018. All tax rates are levied per $100 of assessed value as follows:

2017                         2018

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 18/19 GENERAL FUND BUDGET

Anticipated Revenue (Local)
General Property Taxes $24,165,531
Other Local Taxes $4,521,306

Permits, Fees, and Licenses $215,350
Fines and Forfeitures $221,750
Interest and Rentals $210,000

Charges for Services $248,800
Expenditure Refunds $15,000
Miscellaneous $30,750
Recovered Costs $603,872

TOTAL ANTICIPATED LOCAL REVENUES $30,232,359

Anticipated Revenues (State)
Non-categorical Aid $635,399
Categorical Aid $5,876,993

TOTAL ANTICIPATED STATE REVENUES $6,512,392

Anticipated Revenues (Federal)
Non-categorical Aid $62,150
Categorical Aid $923,582

TOTAL ANTICIPATED FEDERAL REVENUES $ 985,732

Year Ending Balance $2,752,418
TOTAL AVAILABLE REVENUE $40,482,901

Proposed Expenditures
General Government Administration $1,927,698
Judicial Administration (including debt) $1,370,407
Public Safety (including debt) $5,688,257
Public Works (including debt) $2,558,761
Health & Welfare $3,489,790
Education (including debt) $16,787,548
Parks and Recreation $209,115
Community Development $583,871
Non-Departmental $4,125,408
Capital Outlay $1,400,788
Contingency Reserve $2,341,258

TOTAL PROPOSED EXPENDITURES
AND RESERVE $40,482,901

PROPOSED 18/19 DEBT SERVICE BUDGET

TOTAL ANTICIPATED REVENUE $ 3,154,531

TOTAL PROPOSED EXPENDITURES $ 3,154,531

PROPOSED 18/19 CAPITAL FUND BUDGET

TOTAL ANTICIPATED REVENUE $705,251

TOTAL PROPOSED EXPENDITURES $705,251

PROPOSED 18/19 SCHOOL DIVISION BUDGET

Anticipated Revenue (Local)
Transfer from General Fund $14,435,887
Transfer from General Fund (School Nursing) $235,000
Other Local Funds $1,103,573

TOTAL ANTICIPATED LOCAL REVENUE $15,774,460

Anticipated Revenue (State)
State Aid $7,131,861
State Sales Tax $2,223,859

TOTAL ANTICIPATED STATE REVENUE $9,355,720

Anticipated Revenue (Federal)
Categorical Aid $1,830,234

TOTAL ANTICIPATED FEDERAL REVENUE $1,830,234
TOTAL ANTICIPATED REVENUES $26,960,414

Proposed Expenditures
Major Categories Combined $26,960,414
TOTAL PROPOSED EXPENDITURES $26,960,414

PROPOSED 18/19 TEXTBOOK FUND BUDGET

TOTAL ANTICIPATED REVENUE $729,220

TOTAL PROPOSED EXPENDITURES $729,220

PROPOSED 18/19 PINEY RIVER WATER/SEWER BUDGET

TOTAL ANTICIPATED REVENUE $603,352

TOTAL PROPOSED EXPENDITURES $603,352

FY18/19 BUDGET SUMMARY AS PROPOSED

REVENUES BY FUND

General Fund $40,482,901
Debt Service Fund $3,154,531
Capital Fund $705,251

School Division $26,960,414
Textbook Fund $729,220
Piney River Water & Sewer Fund $603,352
$72,635,669

EXPENDITURES BY FUND

General Fund $40,482,901
Debt Service Fund $3,154,531
Capital Fund 705,251 School Division $26,960,414
Textbook Fund $729,220
Piney River Water & Sewer Fund $603,352
$72,635,669

BY AUTHORITY OF NELSON COUNTY BOARD OF SUPERVISORS

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