Albemarle County Office of Management and Budget

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

They began using a five-year financial forecast in 2008 to determine long-term fiscal trends. [2]

FY2018

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

Resources


FY2017

When he released his recommended budget in February 2016, county executive Tom Foley budget recommended 2.5 cent tax increase. [3] The Board of Supervisors began their review on a week later. [4]

Supervisors would later adopt a 2 cent increase. [citation needed]

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[5]. 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. County Executive Tom Foley's proposed FY2017, Office of Management Budget, Page 53, Albemarle County, February 19, 2017, retrieved February 22, 2016.
  3. 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.
  4. Web. Supervisors begin combing through FY17 budget, Sean Tubbs, News Article, Charlottesville Tomorrow, February 25, 2016, retrieved December 29, 2016.
  5. "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