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02-20-2024 Finance Committee Meeting - FINAL PITTSYLVANIA COUNTY BOARD OF SUPERVISORS’ FINANCE COMMITTEE February 20, 2024 VIRGINIA: The Pittsylvania County Board of Supervisors’ (“Board”) Finance Committee Meeting was held on February 20, 2024, in the Board Meeting Room, 39 Bank Street, SE, Chatham, Virginia 24531. CALL TO ORDER (3:00 PM) Tucker called the Meeting to Order at 3:00 PM. ROLL CALL The following Committee Members were present: Timothy W. Dudley - Staunton River District Eddie L. Hite, Jr. – Dan River District Murray W. Whittle – Westover District Robert M. Tucker, Jr. - Banister District The following Board Members were present: Kenneth L. Bowman – Chatham-Blairs District Darrell W. Dalton - Chairman, Callands-Gretna District William V. (“Vic”) Ingram - Tunstall District APPROVAL OF AGENDA Motion to approve Agenda. RESULT: 3-0 (APPROVE) MOVER: Dudley SECONDER: Hite AYES: Dudley, Hite, Whittle, Tucker NAYS: None ABSTAIN: None NEW BUSINESS a. FY2025 County Budget Update/Discussion Turille reviewed the FY24-25 Budget overview with the Board. Van Der Hyde reviewed Budget Challenges with the Board that include increased costs over the last six (6) years, but with no reassessment or tax increase to cover those costs; new long-term multi-million dollar capital projects such as the Jail, renovations to the Historic buildings, a future Courthouse complex, among other items; and the State contribution to schools being reduced due to the increased local composite index, which the County is required to cover as per the Standard of Quality Requirements. She also covered FY 2024 Revenues, FY 2025 Revenue Projections, Operating Budget, Capital Budget, Long Term Capital Needs, and Tax Rate Relief with the Board. Van Der Hyde's complete presentation can be found on the County's website at www.pittsylvaniacountyva.gov. ADJOURNMENT Tucker adjourned the Meeting at 4:03 PM.