Albemarle Department of Finance and Budget

From Cvillepedia
Jump to: navigation, search

The Albemarle Department of Finance and Budget Office (formerly known as Office of Management and Budget) is responsible for preparing Albemarle County's annual operating and capital budgets, as well as performing fiscal reporting and measuring cost-effectiveness. The Department is under the direction of the County Executive. [1]

On July 1, 2020, the Department of Finance and the Office of Management and Budget merged into a new Albemarle Department of Finance and Budget. [2]

They began using a five-year financial forecast in 2008 to determine long-term fiscal trends. [3]

FY2023

  • November 3, [2021]] – Albemarle Board of Supervisors briefed on planning for FY23, including a "positive variance" of $13.2 million [4]

FY2022

FY2021

As with most other localities across Virginia, Albemarle's proposed budget for FY21 had to be amended due to revenue downturns associated with the COVID-19 Emergency. The FY21 budget is being built on an antipated revenue shortfall of $6.4 million over what had originally been proposed before the economy was shut down. [9]

Timeline

  • July 10, 2019 – Board of Supervisors hold a work session on capital improvement program (Meeting materials)
  • October 22, 2019 – CIP Advisory Group meets and selected four projects to recommend adding to the CIP. They are funding to add to a transportation leveraging program, money for economic development public-private partnerships and expansions of Cale Elementary School and Crozet Elementary School. [10] (Meeting materials)
  • January 15, 2020 – County assessor Peter Lynch announces average of 3.4 percent increase in real estate property assessments [11]
  • February 4, 2020 – Albemarle School board approves $209 million funding request [12]
  • February 19, 2020 – County Executive Jeffrey Richardson unveils $451 million recommended budget for FY2021, a slight decrease from adopted FY2020 budget. This delays for one year an anticipated 1.5 cent rate increase to pay for additional debt service [13]
  • March 3, 2020 – Richardson tells the board that there is an additional $1.6 million in revenue available for the budget.
  • March 5, 2020 – Supervisors confirm no property tax increase and advertise FY21 budget based on 85.4 cents per $100 of assessed value [14]
  • March 12, 2020 – Richardson declares local emergency to deal with COVID-19
  • April 1, 2020 – Richardson gives a budget report and said FY21 budget will be built off an amended FY20 budget [15]

FY2020

A strategic planning meeting with the Board of Supervisors was held on September 7, 2018 to provide general direction to county staff related to future initiatives. [16]

The FY2020 budget will need to be revisited as the COVID-19 pandemic continues. Richardson told Supervisors that there would need to be $3 million in general government cuts in the current fiscal year. [15]

Adopted budget

Despite the decline in revenues, Albemarle concluded the year with a $7.5 million fund-balance. [17]

FY2019

JAUNT sought to increase the salary of its bus drivers from the current median wage of $14.89 an hour to $16.43 an hour. Albemarle's proposed budget for FY2019 includes an additional $142,000 for this purpose, but a $105,000 request from Charlottesville was not included in their proposed FY2019 budget. [18]

In December 2019, an audit found a surplus of $5.9 million. [19]

FY2018

In preparation for fiscal year 2018, budget staff switched to a two-year financial report that was voted on by the Board of Supervisors on December 14, 2016.

In late February 2017, interim county executive Doug Walker recommended a $397.4 million budget for FY2018. [20] A month later, there had been very little input. [21] Nearly $250,000 was reduced from the operating budget during the process. [22] Supervisors agreed in early March to set a property tax rate of $0.839 per $100 of assessed value. [23]

Resources

FY2017

When he released his recommended $376 million operating and capital budget in February 2016, county executive Tom Foley budget a recommended 2.5 cent tax increase. [24] The Board of Supervisors began their review on a week later. [25] Supervisors agreed to advertise the recommended tax increase in early March but would later adopt a 2 cent increase. [26] [27]

Towards the end of the development process, several nonprofit groups protested their budget requests had not been fully funded. For instance, the Legal Aid Justice Center claimed they should not be reviewed through the Agency Budget Review Team process. [28]

The capital budget for FY2017 was $34.8 million and included little in the way of new urban amenities. [29]

In their deliberations, supervisors agreed to keep a two percent salary increase for employees. [30]

FY2010

Recouping money

In 2010, the Board of Supervisors approved the reopening of a vacant business auditor position in order to help determine whether Albemarle County was receiving its share of commercial taxes. As of August 9, 2010, the auditor discovered $383,944 that had not been returned to Albemarle by the state Department of Taxation[31]. The idea had been recommended by a resource utilization study performed on Albemarle County general government by the Commonwealth Educational Policy Institute[citation needed].

References

  1. Web. Management and Budget, County of Albemarle, retrieved July 25, 2011.
  2. Web. Two county offices merge in Albemarle County, News Staff, News Article, CBS19, July 1, 2020, retrieved July 2, 2020.
  3. Web. County Executive Tom Foley's proposed FY2017, Office of Management Budget, Page 53, Albemarle County, February 19, 2017, retrieved February 22, 2016.
  4. Web. County Executive's Report - November 13, 2021, Jeffrey Richardson, Report, Albemarle County, November 3, 2021, retrieved November 23, 2021.
  5. Web. [1], Daily Progress, Lee Enterprises, September 12, 2020, retrieved December 4, 2020.
  6. Web. Watch Now: Haas’ $209M funding request boosts wages, aids pandemic recovery effort, Katherine Knott, Daily Progress, Lee Enterprises, February 19, 2021
  7. Web. County Executive provides information on FY 2022 Recommended Budget, News Staff, News Article, CBS19, Charlottesville, Virginia, February 25, 2021, retrieved March 1, 2021.
  8. Web. Richardson's budget proposal includes no tax rate increase, Allison Wrabel, Daily Progress, Lee Enterprises, February 24, 2021, retrieved April 25, 2021.
  9. Web. Albemarle County fiscal year 2021 recommended budget revised, Michael Caldwell, News Article, CBS19, April 24, 2020, retrieved April 28, 2020.
  10. Web. Advisory committee narrows list of county capital projects, Katherine Knott, Daily Progress, Lee Enterprises, October 22, 2019, retrieved October 23, 2019. Print. October 23, 2019 page A1.
  11. Web. County tax assessments up an average of 3.4%, Allison Wrabel, Daily Progress, Lee Enterprises, January 16, 2020, retrieved January 19, 2020. Print. January 16, 2020 page A1.
  12. Web. School Board unanimously adopts $209m funding request, Katherine Knott, Daily Progress, Lee Enterprises, February 5, 2020, retrieved February 10, 2020. Print. February 5, 2020 page A1.
  13. Web. Proposed Albemarle County budget 1.3% smaller than current, contains no tax rate increase, Allison Wrabel, Daily Progress, Lee Enterprises, February 20, 2020, retrieved February 23, 2020. Print. February 20, 2020 page A1.
  14. Web. Albemarle County to advertise real estate tax rate with no increase, Staff reports, Daily Progress, Lee Enterprises, March 4, 2020, retrieved March 7, 2020.
  15. 15.0 15.1 Web. Albemarle County planning to cut millions in spending for rest of fiscal year, Brianna Hamblin, News Article, CBS19, April 3, 2020, retrieved April 5, 2020.
  16. Web. Albemarle supervisors consider priorities for coming budget, Allison Wrabel, Daily Progress, Lee Enterprises, September 7, 2018, retrieved September 9, 2018.
  17. Web. Despite revenue plunge, Albemarle carries $7.5M fund balance, Allison Wrabel, Daily Progress, Lee Enterprises, December 2, 2020, retrieved December 22, 2020.
  18. Web. JAUNT fighting for wage increases as city withholds funding, Allison Wrabel, Daily Progress, Lee Enterprises, March 4, 2018, retrieved March 5, 2018.
  19. Web. Albemarle finished fiscal 19 with $5.9 million surplus, Allison Wrabel, Daily Progress, Lee Enterprises, December 18, 2019, retrieved December 23, 2019. Print. December 19, 2019 page A1.
  20. Web. Albemarle proposes $397.4 million budget for fiscal year 2018, Sean Tubbs, News Article, Charlottesville Tomorrow, February 17, 2017, retrieved March 27, 2017.
  21. Web. Albemarle sees minimal citizen input on proposed budget, Allison Wrabel, Daily Progress, Lee Enterprises, March 26, 2017, retrieved March 27, 2017.
  22. Web. Albemarle supervisors cut $250K from proposed budget, Allison Wrabel, Daily Progress, Lee Enterprises, March 31, 2017, retrieved April 3, 2017.
  23. Web. Albemarle supervisors set advertised property tax rate, talk Hedgerow Park, Sean Tubbs, News Article, Charlottesville Tomorrow, March 7, 2017, retrieved December 28, 2017.
  24. Web. Foley proposes 2.5 cent tax increase for Albemarle’s FY17 budget, Sean Tubbs, News Article, Charlottesville Tomorrow, February 19, 2016, retrieved December 29, 2016.
  25. Web. Supervisors begin combing through FY17 budget, Sean Tubbs, News Article, Charlottesville Tomorrow, February 25, 2016, retrieved December 29, 2016.
  26. Web. Albemarle Supervisors to consider higher tax rate for FY2017 budget, Sean Tubbs, News Article, Charlottesville Tomorrow, March 8, 2016, retrieved December 31, 2016.
  27. Web. Albemarle supervisors adopt lower tax rate hike than expected, Sean Tubbs, News Article, Charlottesville Tomorrow, April 13, 2016, retrieved January 2, 2017.
  28. Web. City budget series: Legal Aid looks for line-item funding, Chris Suarez, Daily Progress, Lee Enterprises, March 28, 2016, retrieved January 1, 2017.
  29. Web. Albemarle seeking new ways to build urban infrastructure, Sean Tubbs, News Article, Charlottesville Tomorrow, April 4, 2016, retrieved January 2, 2017.
  30. Web. Albemarle to keep two percent salary increase in FY17 budget, Sean Tubbs, Charlottesville Tomorrow, April 5, 2016, retrieved January 2, 2017.
  31. "Official County of Albemarle Web Site." Albemarle County, Virginia - Official Web Site. 9 Aug. 2010. Web. 23 Aug. 2010. <http://www.albemarle.org/navpages.asp?info=release&ID=11683>.

External Links

Official site