Loading...
01-20-2026 Finance Committee - FY2027 Budget OverviewFinance Committee FY2027 Budget Overview January 20, 2026 FY2027 Budget Request Overview FY2027 General Fund Budget Request Overview FY2026 General Fund Budget $92,630,721 FY2027 Requested General Fund Budget $99,415,017 Additional Amount Requested $6,784,296 FY2027 General Fund Budget Request Overview General Fund Budget Components Salaries and Benefits $32,489,430 (33%) Departmental Operations $12,228,374 (12%) Community Contributions $ 331,445 (<1%) Local Contributions/State Mandates $38,242,053 (38%) Debt Service $ 8,451,549 ( 9%) Capital Contribution $ 2,262,000 ( 2%) Economic Development $ 2,251,975 ( 2%) Volunteer Fire & Rescue-Operations $ 3,158,191 ( 3%) GENERAL FUND TOTAL $99,415,017 FY2027 General Fund Budget Request Overview Showing Increases over FY2026 Adopted Budget FY2027 Requests FY2026 Adopted Budget Increase % Inc Salaries & Benefits 32,489,430 30,802,039 1,687,391 5% Departmental Operations 12,228,374 11,628,379 599,995 5% Community Contributions 331,445 312,640 18,805 6% Local Contributions/State Mandates 38,242,053 36,705,124 1,536,929 4% Debt Service 8,451,549 8,451,549 - 0% Capital Contribution 2,262,000 1,264,000 998,000 79% Economic Development 2,251,975 727,500 1,524,475 210% Volunteer Fire & Rescue-Operations 3,158,191 2,739,490 418,701 15% GENERAL FUND TOTAL 99,415,017 92,630,721 6,784,296 7% General Fund Budget Components FY2027 General Fund Budget Request Overview Base Budget with Basic Increases FY2026 Budget $92,630,721 Salary Increases $ 658,208 Local Increase for SROs $ 449,051 DSS Increase (No New Salaries)$ 76,954 Schools Increase $ 1,289,025 2% COLA $ 500,000 Economic Dev Incentives Inc $ 1,524,475 FY2027 Base Budget $97,128,434 Increase-No New Costs $ 4,497,713 (4.9% Increase) FY2027 General Fund Budget Request Overview What is new in this requested budget? New Positions –2 New County Full-time Positions IMPACT TO GENERAL FUND TOTALS $178,729 ➢Public Safety-2 Fire/EMS Battalion Chiefs FY2027 General Fund Budget Request Overview What is new in this requested budget? New Positions –1 County Part-time to Full-time Position IMPACT TO GENERAL FUND TOTALS $22,794 ➢Recreation-Program Assistant reclassed to Program Coordinator FY2027 General Fund Budget Request Overview What is new in this requested budget? New Positions –1 County Part-time Position IMPACT TO GENERAL FUND TOTALS $28,610 ➢Recreation-Part-time Program Assistant FY2027 General Fund Budget Request Overview What is new in this requested budget? Community Donation Increases IMPACT TO GENERAL FUND BUDGET TOTALS $9,355 Community Donations: ➢Chamber of Commerce-Increased $3,000 ➢Smith Mtn Lake Contribution-Increased $2,521 ➢SAAA-Increased $1,134 ➢Legal Aid Society-Increased $200 ➢American Red Cross-Increased $2,500 FY2027 General Fund Budget Request Overview What is new in this requested budget? New Community Donation Requests IMPACT TO GENERAL FUND BUDGET TOTALS $9,450 ➢Rural Community Assistance Program-$5,000 ➢Brain Injury Services-$450 ➢Chatham Farmer’s Market-$2,000 ➢Battle on the Border-$2,000 FY2027 General Fund Budget Request Overview What is new in this requested budget? Outside Agency/State Mandated Increases IMPACT TO GENERAL FUND BUDGET TOTALS $1,545,029 ➢Mental Health-Increased $175,000 ➢DCC Contributions-Decreased $4,050 ➢DSS-Increased $76,954 ➢Schools-Increased $1,289,025 (based on Governor’s Budget adding additional 6% to base) FY2027 General Fund Budget Request Overview What is new in this requested budget? Other Increases IMPACT TO GENERAL FUND BUDGET TOTALS $3,996,935 ➢Economic Development-Increased $1,524,475 (Covers incentives and shared revenue with Danville) ➢Sheriff-SRO Grant ends in 2026-10 Positions Picked up by Sheriff’s Office-Net Increase $449,051 FY2027 General Fund Budget Request Overview What is new in this requested budget? Other Increases CONTINUED ➢GF Salary Increases less new salaries and SROs- Increased $658,208 ➢Reassessment-Increased $381,500 (for next reassessment) ➢Anticipated 2% COLA-$500K ➢Volunteer Fire & Rescue-Increased $418,701K FY2027 General Fund Budget Request Overview What is new in this requested budget? Other Increases CONTINUED ➢Library-Chatham Library Branch Renovations-$15K ➢Library-New Vehicle-$50K