ord-07-2025-fy2026-budget.pdf
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Ordinance 07-2025 adopts the Town of Centreville’s Fiscal Year 2026 budget (July 1, 2025–June 30, 2026) and sets the property tax rate at $0.535 per $100 of assessed value and the public utility tax at $13.00 per $100. The draft budget shows General Fund revenues and expenses of $7,684,764 (major revenues: Property Taxes $3,913,944; Local Income Taxes $2,265,265) and Enterprise Fund revenues and expenses of $3,452,387 (Sewer $1,687,736; Water $1,495,461). Departmental expense highlights include General Government $1,944,421, Public Safety $2,327,416, and Roads $1,792,923; General Fund capital requests total $342,000 and Enterprise capital requests total $115,000. A staff memo documents removing the new FAMLI line item from multiple budgets (start date extended to 2027), specific workers’ compensation allocation changes and amounts for listed accounts, and reported bond interest rates (2016: 2.54%; 2017 A4: 3.61%; A3: 3.14%; A2: 2.23%). Grant-funded capital projects include Tilghman Avenue and Belvedere road projects (federal earmark $2,000,000 with a 20% town match of $400,000 to come from ARPA interest/HUR/sidewalk funds), a wharf staging grant, and a proposed $2,500,000 land purchase for an additional water reuse site.
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TOWN COUNCIL OF CENTREVILLE ORDINANCE NUMBER 07-2025 AN ORDINANCE for the purpose of adopting a budget for the Town of Centreville for Fiscal Year 2026. WHEREAS, by virtue of the power and authority contained in Section 506 of the Charter of the Town of Centreville, NOW THEREFORE BE IT ENACTED AND ORDAINED by the Town Council of Centreville as below and attached: SECTION I: The summary of revenues and expenditures are attached hereto as Exhibit A, pursuant to Section 506 of the Town Charter, shall be the budget for Fiscal Year 2026, from July 1, 2025 to June 30, 2026. SECTION II: The tax rate levied for Fiscal Year 2026 shall be $0.535 per $100 of assessed value and the public utility tax rate for Fiscal Year 2026 shall be $13.00 per $100 of assessed value and is incorporated in the attached document which constitutes the budget. WHEN EFFECTIVE: This Ordinance shall take effect and be in full force, effective July 1, 2025. ATTEST: THE TOWN COUNCIL OF CENTREVILLE R. Gaye Adams Ashley Heffernan Kaiser, Esq., President Town Clerk First Reading: Jeffrey D. Kiel, Jr., Vice President Second Reading: Enacted: Effective: ______ Daniel B. Worth, Member _ Jim A. Beauchamp, Member Sandra Lee Huffer, Member Ord-07-2025 FY2026 Budget Following our recent budget work session on April 03, 2025, I am writing to provide a summary of the changes made to the proposed budget. The purpose of this memo is to outline the key adjustments to revenue, expenses, and other relevant budget categories. Operating Budget All budgets with the new FAMLI line item (legislative, administration, police, public works, and W/WW were removed as it was approved to extend the start date to 2027. 7120 - Workers Comp A10 - $694 A92 - $1,977 B10 - $93,496 C11 - $31,788 C21 - $2,805 C24 - 2,805 Allocation of cost changed from 5% to 0% (A92, C11, 7-C21, 7-C24). Request for interest rates on current bonds The interest rate for the 2016 Bond is 2.54% The interest rate for 2017 Bond A4 is 3.61% The interest rate for 2017 Bond A3 is 3.14% The interest rate for 2017 Bond A2 is 2.23% FY2026 Budget TOWN OF CENTREVILLE FISCAL YEAR 2026 DRAFT GENERAL FUND OPERATING BUDGET/ $13 PUT REVENUES Property Taxes $ 3,913,944 Local Income Taxes 2,265,265 Intergovernmental Revenue 486,241 Licenses and Permits 122,000 Charges for Services 427,200 Miscellaneous Revenue Other 395,064 Investment Earnings 75,050 Subtotal Revenues 7,684,764 Transfer to Bond Payment TOTAL REVENUES $ 7,684,764 EXPENSES A10 Legislative $ 55,103 A70 Planning & Zoning 46,750 A81 Municipal Buildings 61,895 A92 General Government 1,944,421 B10 Public Safety 2,327,416 B22 Emergency Services 75,000 C11 Roads 1,792,923 C22 Solid Waste 435,500 D10 Parks & Recreation 136,105 H40 Main Street 40,000 H60 Cemetery 50,581 H90 Watershed 16,750 Cost Transfer to Enterprise Funds - Net of Redspeed Revenues/Expenses 5,000 Compensatory hours payout 5,000 Capital Projects 342,000 $ 7,334,444 Debt Service A81 Municipal Buildings - C11 Roads 222,794 D10 Park/Marina 27,536 250,330 Transfer to Fund Balance 99,990 TOTAL EXPENSES $ 7,684,764 FY26 Proposed Budget - DRAFT Page 1 4/24/2025 FY2026 Budget TOWN OF CENTREVILLE FISCAL YEAR 2026 DRAFT ENTERPRISE FUND OPERATING BUDGET/ $13 PUT REVENUES Usage Charges Sewer $ 1 ,687,736 Water 1,495,461 Allocation Fees Sewer 36,877 Water 21,662 Farm Revenue Farm Rent 59,000 Service Charges Equipment & Installation 6 ,200 Late Penalties & Fines 70,400 Other Miscellaneous 75,050 3,452,387 TOTAL REVENUES $ 3,452,387 Project Management (ARPA) 100,000 Sewer $ 1 ,092,730 Water 1,191,497 Farm 84,200 General Insurance - Cost Transfer from General Fund - 2,468,427 Compensatory hours payout Capital Projects 115,000 115,000 Debt Service Sewer $ 359,000 Water 359,000 718,000 Transfer to Fund Balance 150,961 TOTAL EXPENSES $ 3,452,387 FY26 Proposed Budget - DRAFT Page 2 4/24/2025 Town of Centreville FY2026 Operating/Capital Budget General Fund FY 2026 Account Description Total Budget B10 - Police Department Patrol Vehicles-Replacement Program (2) $150,000 Portable Radios (3) $21,000 Total $171,000 C11 - Streets Brush chipper-replacement $60,000 Utility Truck 4WD 1 ton with snow plow $80,000 24 Ft. Enclosed trailer $15,000 Total $155,000 H60 - Cemetery Cemetery software implementation $16,000 Capital Total $342,000 Belvedere/Tilghman roads to be completed with Federal Earmark funds ($2 million) with 20% town match ($400,000) - Will use ARPA interest, HUR, and sidewalk funds to cover the match portion Town of Centreville FY2026 Capital Budget Requests General Fund Cap Ex Budget 4/25/2025 Town of Centreville FY2026 Operating/Capital Budget Enterprise Fund FY 2026 Account Description Total Budget C21 - Wastewater (DPW) Sewer Collection System Repairs $55,000 Sewer Inspection Camera $15,000 Total $70,000 C24 - Water (DPW) Fire Hydrant Replacement Program $13,000 Total $13,000 C25 - Farm, Irrigation, Buildings (DPW) Gator replacement/ATV with snow plow $32,000 Total $32,000 Capital Total $115,000 Town of Centreville FY2026 Capital Budget Requests Enterprise Fund Cap Ex Budget 4/25/2025 Town of Centreville FY2026 Operating/Capital Budget Grant Funded General Fund FY 2026 Account Description Total Budget D10 - Parks Department Wharf Staging Area (Total grant $280,722) $135,000 Total $135,000 C11 - Streets Tilghman Avenue $839,350 Belvedere $1,150,900 Total $1,990,250 C25- Farm Land Purchase for additional water reuse site (2nd farm) $2,500,000 Capital Total $4,625,250