Ordinance 01-2023 - FY24 Budget
Ordinance Date unknown · 5 page(s)
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This ordinance adopts the Town of Centreville’s Fiscal Year 2024 budget, effective July 1, 2023, and attaches Exhibit A with detailed General Fund and Enterprise Fund line-item budgets. The text sets a property tax rate of $0.535 per $100 of assessed value and a public utility tax rate of $13.00 per $100 (the document labels those rates “for Fiscal Year 2023”) and notes a $400,000 transfer to the 2012 bond payment. The General Fund shows total revenues and expenses of $6,297,129 (major revenue lines include Property Taxes $3,504,199 and Local Income Taxes $1,753,257; major expense categories include Public Safety $2,282,766, General Government $1,474,640, and Roads $1,645,079). The Enterprise Fund shows total revenues and expenses of $3,160,354 (usage revenues: Sewer $1,530,827 and Water $1,356,428; expenses include Sewer $881,782, Water $983,651, and combined debt service of $688,500). Capital requests in Exhibit A total $318,933 for the General Fund (including two police vehicles and street equipment) and $431,667 for the Enterprise Fund (including Vactron truck/jetter and water/wastewater equipment).
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TOWN COUNCIL OF CENTREVILLE ORDINANCE NUMBER 01-2022 AN ORDINANCE for the purpose of adopting a budget for the Town of Centreville for Fiscal Year 2024. 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 2024, from July 1, 2023 to June 30, 2024. SECTION II: The tax rate levied for Fiscal Year 2023 shall be $0.535 per $100 of assessed value and the public utility tax rate for Fiscal Year 2023 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, 2023. ATTEST: THE TOWN COUNCIL OF CENTREVILLE Carolyn M. Brinkley Steven K. Kline, President Town Clerk First Reading: Ashley H. Kaiser, Esq, Vice President Second Reading: Enacted: Effective: Eric B. Johnson, Jr., Member Daniel B. Worth, Member Jim A. Beauchamp, Member W:\0-COUNCIL ITEMS\ORDINANCES AND RESOLUTIONS\ORDINANCES\2023 Ordinances\Ord-01-2023 FY2024 Budget.docx FY2024 Budget EXHIBIT A TOWN OF CENTREVILLE FISCAL YEAR 2024 DRAFT GENERAL FUND OPERATING BUDGET/With 19% allocation of costs -$13 PUT REVENUES Property Taxes $ 3,504,199 T Local Income Taxes 1,753,257 Intergovernmental Revenue 3 92,676 Licenses and Permits 1 24,300 Charges for Services 4 12,220 Miscellaneous Revenue Other 3 60,377 Investment Earnings 1 50,100 Subtotal Revenues 6,6F97,129 Transfer to Permanent Fund Transfer to 2012 Bond Payment (400,000) A TOTAL REVENUES $ 6,297,129 EXPENSES A10 Legislative $ 4 9,999 A70 Planning & Zoning R 82,550 A81 Municipal Buildings 55,298 A92 General Government 1,474,640 B10 Public Safety 2,282,766 B22 Emergency Services 75,000 C11 Roads 1,645,079 C22 Solid Waste 3 86,469 D10 Parks & Recreation 1 04,563 H40 MDain Street 40,000 H60 Cemetery 42,127 H90 Watershed 12,315 Cost Transfer to Enterprise Funds (415,946) Net of Redspeed Revenues/Expenses 25,000 Compensatory hours payout 10,000 Capital Projects 1 15,600 $ 5,985,459 Debt Service A81 Municipal Buildings - C11 Roads 2 22,234 D10 Park/Marina 27,467 249,701 Transfer to Fund Balance 61,968 TOTAL EXPENSES $ 6,297,129 FY24 Proposed Budget - DRAFT Page 1 4/27/2023 FY2024 Budget EXHIBIT A TOWN OF CENTREVILLE FISCAL YEAR 2024 DRAFT ENTERPRISE FUND OPERATING BUDGET/With 19% allocation of costs -$13 PUT REVENUES Usage Charges T Sewer $ 1,530,827 Water 1 ,356,428 Allocation Fees Sewer - Water - F Farm Revenue Farm Rent 64,000 Service Charges Equipment & Installation 5,200 Late Penalties & Fines 53,900 Other Miscellaneous A 150,000 3,160,354 TOTAL REVENUES $ 3,160,354 R EXPENSES Project Management 100,000 Sewer $ 881,782 Water 983,651 Farm 59,202 General Insurance - Cost Transfer from General Fund 415,946 D 2,440,581 Compensatory hours payout 5,000 Capital Projects - 5,000 Debt Service Sewer $ 344,250 Water 344,250 688,500 Transfer from Fund Balance 26,274 TOTAL EXPENSES $ 3,160,354 FY24 Proposed Budget - DRAFT Page 2 4/27/2023 EXHIBIT A Town of Centreville FY2024 Operating/Capital Budget General Fund T FY 2024 Account Description Total Budget B10 - Police Department F Vehicles - 2 - 1-B10-9890-0000 (2 vehicles) $110,000 Ballistic Rifle Vest Plates 1-B10-9860-0000 $5,600 Total $115,600 A C11 - Streets Vactron Truck/Jetter 7-C21-9890-ARPA $173,333 Light Tower Replacement 1-C11-9860-ARPA $30,000 Total $203,333 R Capital Total $318,933 D Town of Centreville FY2023 Capital Budget Requests General Fund Cap Ex Budget 4/27/2023 EXHIBIT A Town of Centreville FY2024 Operating/Capital Budget Enterprise Fund TFY 2024 Account Description Total Budget C21 - Wastewater (DPW) Vactron Truck/Jetter 7-C21-9890-ARPA $173,333 F Sewer Collection System Repairs 7-C21-9860-ARPA $55,000 Total $228,333 C24 - Water (DPW) A Vactron Truck/Jetter 7-C24-9890-ARPA $173,333 Fire Hydrant Replacement 7-C24-9860-ARPA $10,000 Total $183,333 C25 - Farm, Irrigation, Buildings (DPW) R Gator Replacement 7-C25-9860-ARPA $20,000 Total $20,000 D Capital Total $431,667 Town of Centreville FY2023 Capital Budget Requests Enterprise Fund Cap Ex Budget 4/27/2023