03-05-2024 Finance Committee PresentationFinance Committee Meeting
March 5, 2024
FY24-25 Budget Overview
The goal of the budget is to provide the level of service that our citizens
expect and to plan for future growth, at a tax rate adjusted for the large
increase in property values.
Staff reviewed all department requests, making reductions to the requests
based on actual, not wanted,use.No wish list!
Therefore, this budget is as lean as we can make it.
Every tax dollar has a higher standard and must be justified as a needed cost!
No one wants more taxes! This budget is a balance between reducing taxes
with what is expected of us TO DO for this community, now and going forward.
Budget Challenges
Reminder: we started this year’s budget with a $2M budget deficit (due to
increasing costs the last 6 years with no tax increase). As would any
business, we must be able to operate and pay the bills as an ongoing
organization with payroll, equipment, fuel costs, etc.
The County faces new long-term multi-million $$ capital projects with the
Jail, renovations to the Historic buildings, a future Courthouse complex,
among others. We need to plan for the long term and not just today!
The State contribution to Schools was reduced by $900,000, due to the
increased local composite index, which we are required to cover as per
Standard of Quality Requirements. The last two years we have given
Schools 6% above the base SOQ standard and would like to do so again.
FY 2025 Revenue Projections
Estimates currently being used for revenue projections are based on historical data. We will not have confirmed figures for the major sources of revenue until month-end.
Reassessment-Value increased on average 48%
Value of Property: $6.2B
Tax Value at current 62¢ rate: $36.5M
Additional Revenue at this rate: $10.1M
FY2025 –Budget funded with 59¢ RE Tax Rate
A 59¢ Real Estate Tax Rate will provide an additional $8.3M
in Revenue
A total of $2.175M has been removed from the budget to
get bring expenditures in line with revenues
Historical Data for all localities – Only Pittsylvania adjusted for New Reassessment
Historical Data for all localities – Only Pittsylvania adjusted for New Reassessment
Budget Updates
Cuts to General Fund Budget Based on 59¢ Tax Rate
59¢
Real Estate Revenue 8,322,492.00
Cut Needed (1,717,843.00)
OPERATING:
Budgeted Requests Difference over Prior Year 10,040,335.00
DEPARTMENTS:
COMMISSIONER OF REVENUE (14,119)
ELECTORAL BD/REGISTRAR 6,000
SHERIFF (373,100)
FIRE &RESCUE (413,000)
JAIL (10,261)
BUILDING INSPECTIONS 71,983
ANIMAL CONTROL (20,768)
BUILDING & GROUNDS (8,469)
ECONOMIC DEVELOPMENT (8,827)
DEBT & INTEREST SERVICES 597,924
CAPITAL (2,015,424)
Adjusted GF Increase Over Prior Year 7,852,274
Possible Increase for Schools-Based on Senate Version 330,000
Anticipated GF Increase Over Prior Year 8,182,274
Budget Updates
Pittsylvania County Schools
Current State Budget Proposals
Local Required Effort
Budget Versions Local Required Effort (LRE)LRE plus 6% above Minimum 2024 School Contribution
Additional Funding
Required Over 2024
Contribution
Governor 22,897,434 24,271,280 22,096,356 2,174,924
House 23,998,830 25,438,760 22,096,356 3,342,404
Senate 23,208,455 24,600,962 22,096,356 2,504,606
FY2025 –Budget funded with 59¢ RE Tax Rate
All new requested positions-TOTAL COST $689,677 –This
would fully fund a new ambulance station at 640.
3% COLA for all County employees on the County’s pay plan-
TOTAL COST $670,000
Sheriff’s Department-Year 2 of Vehicle Lease (20 Vehicles)-
Year 1 funded with Carryover Funds-TOTAL COST $213,956
What is currently funded in this Budget
FY2025 –Budget funded with 59¢ RE Tax Rate
Fire & Rescue Shared Costs-TOTAL COST $256,600
EMS SVC Contracts-Equipment -$212,800
Vehicle Insurance -$35,000
Training -$5,000
EMS-OMD –($1,200)
Software Support Expense –$5,000
Fire & Rescue Volunteer Operating Increase-TOTAL COST
$227,600
Base Funding Increased from $26,500 to $31,800 (20% raise)-
TOTAL COST $169,600
Fire Service Contracts -$48,000
Line of Duty Insurance -$10,000
What is currently funded in this Budget
FY2025 –Budget funded with 59¢ RE Tax Rate
New Community Contributions –TOTAL COST $264,410
(included additional funding for Public and Mental Health)
Pittsylvania County School Funding to meet Local Required
Effort –TOTAL COST $2,175,000
New Capital Projects –TOTAL COST $3,150,000
GRAND TOTAL OF MAJOR INCREASES $7.6M
What is currently funded in this Budget
Capital Budget
Computer Capital Outlay -$136,547 (HR On-Boarding, Community
Development Public Access, and Telephone System Upgrade)
Building & Grounds Capital Outlay -$340,000 (Emergency Repairs Fund)
Fire & Rescue Capital Outlay -$1,270,000 (Drug Box Requirement, PPE,
Medical and Training Equipment, Volunteer Radio Upgrade, 2 Volunteer Fire
Engines (increased contribution of $25K each), 2 Volunteer Ambulances
(increased contribution of $25K each), Career Staff Ambulance)
Community Development Outlay -$1,979,493 (Comprehensive Plan, Moses
Building Renovations, Voting Equipment (Year 1), Library-Bookmobile
(Downpayment)
Recreation Capital Outlay -$40,250 (Tractor for Wayside Park, School Facility
Use Fee)
GRAND TOTAL –ALL CAPITAL $3,766,290
Long Term Capital Needs
Long Term Capital Needs
Currently, the County has a modest amount of debt
outstanding, totaling $31 million. Annual debt service
range from $1.2 million to $8.4 million, with final maturity
in FY 2031. With debt service falling off, we are proposing
to use the surplus for a long-term Debt Reserve fund for
large capital projects upcoming such as Jail and
Courthouse complex.
Budget Updates
Community Donations
New Positions
Tax Rate: In order to offer some tax rate relief, the cuts we made from the
original $10 million in requests totaled $1.7 million,in order to reduce the
tax from 62 to 59 cents, to give you a budget now balanced at 59 cents.
It includes the new operating and long term capital items mentioned, which
will have immediate and long term positive impact on the community.
Discussion Topics
Discussion Topic:
New Positions
Requests include new positions-TOTAL INC $690K
7 Full-time Positions:
1-Information Technology
4-Public Safety
1-Recreation
1-Community Policy and Management Team (CPMT)
3 Part-time to Full-Time
1-Registrar
2-E911
Discussion Topic:
New Positions
Department #Department Description Standard Job Code Desc Annual Salary Totals
FULL TIME POSITIONS:with Benefits
1 012510 INFORMATION TECHNOLOGY HELP DESK TECHNICIAN 40,642.54 60,120.06
2 032200 PUBLIC SAFETY FIREFIGHTER/EMT-BASIC 45,865.71 65,538.84
3 032200 PUBLIC SAFETY FIREFIGHTER/EMT-BASIC 45,865.71 65,538.84
4 032200 PUBLIC SAFETY FIREFIGHTER/EMT-PARAMEDIC 57,176.73 79,473.79
5 032200 PUBLIC SAFETY FIREFIGHTER/EMT-PARAMEDIC 57,176.73 79,473.79
6 053500 YOUTH SERVICES (CPMB)CASE MANAGER 40,642.54 60,120.06
7 071100 RECREATION YOUTH SPORTS COORDINATOR 55,000.00 78,167.10
GRAND TOTAL-FULL-TIME SALARIES AND BENEITS 488,432.47
PART-TIME TO FULL-TIME POSITIONS:
1 013100 ELECTION BOARD ASSISTANT REGISTRAR-PT TO FULL-TIME 44,449.00 64,904.70
2 035500 E911 DISPATCHER-PT TO FULL-TIME 40,642.54 60,120.06
3 035500 E911 DISPATCHER-PT TO FULL-TIME 40,642.54 60,120.06
GRAND TOTAL-PT TO FT-SALARIES AND BENEITS 185,144.82
PART-TIME POSITIONS:
1 073100 LIBRARY BROSVILLE-PT LIBRARY ASSISTANT ($14.27 PER HR x 20 HOURS PER WEEK)14,944.80 16,099.28
GRAND TOTAL-PART-TIME-SALARIES AND BENEITS 16,099.28
GRANT TOTAL-ALL SALARIES 689,676.57
Discussion Topic:
Community Donations
Discussion Topic:
Tax Rate Relief
We recommend lowering the tax rate to 59¢, with a balanced
budget which we are presenting to you now.This rate would
allow us to do the new things we mentioned to strengthen the
organization and impact the community for 2025 and will allow
for some growth over the following 3 fiscal years, including a
debt reserve fund for our large capital items such as the jail and
courthouse.
Discussion Topic:
Tax Rate Relief
62¢ per $100
Current House Value Average increase to Values New Home Value as of January 1, 2024 Previous Tax Paid
$200,000 48%$296,000 $1,240.00
Proposed Tax Rates New Tax Annual Difference Difference Per Penny
59¢$1,746.40 $506.40 -
58¢$1,716.80 $476.80 $29.60
57¢$1,687.20 $447.20 $29.60
Effect of Tax Rate on County Citizens
Scenario: Value Based on Average Value of Home