FY 2024 Budget (Current Year) 

Overview

The Town’s fiscal year runs from July 1 to June 30 of the following year. The budget, as adopted by the Town Council, is the guide of Town operations for the year, to include funding priorities. The budget development process begins in the fall and is refined over the winter, and the proposed budget is presented by the Town Manager to the Town Council in March. During the subsequent weeks and months, the Town Council will review the proposed budget, make amendments as desired, and adopt a budget prior to June 30. As part of each budget, the Town Council approves a set of taxes and fees to pay for operations throughout the year.

Adopted Budget

At the May 23, 2023 Town Council meeting, the Town Council adopted the FY 2024 Budget.

• Click below to view a summary the FY24 Adopted Budget
  • Total Budget and Summary of Changes
• Press Release
• FY24 Adopted Budget (Adopted May 23, 2023)
• The Proposed Budget is below and changes made to the Proposed Budget are available as part of the information from the May 23, 2023 Council meeting.

Proposed Budget

• FY24 Town Manager Proposed Budget (March 15, 2023)
  • FY24 Operating Expense Account Detail
• FY24 Town Manager's Proposed Budget Presentation (March 15, 2023)
• FY24 Budget Questions and Answers (Available March 2023)
  • Q&A will continue to be amended as Questions arise and the Answers become available

Key Budget Dates (Subject to Change)

The Town Council will hold a series of special work sessions to deliberate the proposed budget.  Documents, audio, and video recordings will be provided when available.  Meetings and work sessions times vary.

2022 Calendar Year:

• May 24, 2022, Budget Work Session - Town Council Work Session - Utility Rate Model based upon FY23 Adopted Budget
• November 16, 2022, Budget Work Session - Town Council Work Session - Utility Rate Modeling
• December 13, 2022, Town Council Work Meeting - Auditors present FY22 Annual Financial Report

2023 Calendar Year:

• January 10, 2023, Town Council Special Meeting - Zero Base Budget 
  
• January 24, 2023, Budget Work Session - Town Council Work Session - CIP Prioritization and Funding
• February 14, 2023, Town Council Regular Meeting - Adopt 2023 Personal Property Tax Rates
• March 14, 2023, Public Hearing - 2023 Real Estate Tax Rate
• March 15, 2023, Town Council Budget Work Session - Town Manager presents Proposed FY24 Budget
• March 22, 2023, Town Council  Budget Work Session - Review and Discussion of Proposed FY24 Budget 
  • FY24 Budget Drivers presentation
• March 28, 2023, Town Council Regular Meeting - Adopt 2023 Real Estate Tax Rate
• March 29, 2023, Town Council Budget Work Session - FY24 Budget for Legal Services and Public Works
• April 3, 2023, Town Council Budget Work Session - FY24 Budget for the Police Department
• April 5, 2023, Town Council Budget Work Session - FY24 Budget for Engineering, Planning, and Development
• April 10, 2023, Town Council Budget Work Session - FY24 Budget for Administration, IT, and Finance
• April 11, 2023, Public Hearing - Budget and Master Tax and Fee
• April 12, 2023, Town Council Budget Work Session - FY24 Budget for Legislative & Advisory, General Fund Debt, and Non-Departmental, Parks and Recreation
• April 17, 2023, Town Council Budget Work Session - FY24 Budget for Water and Wastewater
• April 24, 2023, Town Council Budget Work Session - FY24 Budget for Capital Improvement Program and Indirect Cost Allocation
• April 26, 2023, Town Council Budget Work Session - FY24 Budget discussion 
• May 1, 2023, Town Council Budget Work Session - Long Term Utility Rate Modeling based upon FY24 Proposed Budget 
• May 3, 2023, Town Council Budget Work Session - FY24 Budget discussion as needed
• May 9, 2023, Town Council Regular Meeting - FY24 Budget discussion as needed
• May 23, 2023, Town Council Adopt FY24 Budget and Master Tax and Fee

Budget Calendar (Subject to Change)

The budget development calendar details the internal schedule of the various tasks that need to take place, on a monthly basis, in order to prepare and adopt the Fiscal Year Budget consistent with the Code of Virginia.

FY 2024 Budget Calendar