2008 Albemarle County budget

The process of approving a budget for Albemarle County is currently underway. The process is shepherded by the county's [[Albemarle County Office of Management and Budget|Office of Management and Budget] (OMB), which is part of the office of the County Executive. OMB prepares the County's annual operating and capital budgets, and is responsible for fiscal reporting and cost-effectiveness functions as well as oversight of long-range financial planning, debt service management, and performance budgeting.

Timeline

August 2007

• 13 Operating budget instruction manual and forms posted to budget site

October 2007

• 2 Community agency applications distributed
• 11 Joint Compensation meeting with School Board 19 Department budget submissions due to OMB

November 2007

• 7 Preliminary FY 08/09 revenue projections, school allocation, and capital transfer estimates to the Board of Supervisors (BOS)
• 14 BOS Work Session – Five Year Financial Plan
• 16 Community agency applications due to OMB

December 2007

• 20 Special revenue fund requests due to OMB

January 2008

• 31 General fund and local government special revenue funds balanced

February 2008

• 6 Updated FY 08/09 revenue projections, school allocation, and capital transfer estimates to BOS
• 8 Summary Budget Information to BOS – Local Government
• 13 BOS Work Session – Preliminary Local Government Overview
• 15 Summary Budget Information to BOS – Schools
• 20 BOS Work Session – Preliminary School Division Overview
• 20 Set Proposed Tax Rate for Public Hearing
• 27 County Executive’s Recommended Budget document finalized
• 29 County Executive’s Recommended Budget to BOS

March 2008 3 Advertise tax rate for April public hearing 5 Public hearing on the County Executive’s Recommended Budget

• 10 BOS Work Session
• 12 BOS Work Session – School Division
• 17 BOS Work Session – CIP
• 19 BOS Work Session (if needed)

April 2008

• 2 Public Hearing on the 2008 calendar year tax rate
• 2 Public Hearing on the FY 08/09 Proposed Operating and Capital Budgets
• 9 BOS adopts FY 08/09 budget
• 9 BOS adopts the 2008 calendar year tax rate

June 2008

• 6 BOS approves the FY 08/09 Appropriation Resolution