FY 2004 BUDGET OVERVIEW
| � | FY2003 |
FY2004 |
Increase / Decrease |
Percent Change |
|---|---|---|---|---|
| General Fund | $32,955,248 |
$32,975,523 |
$20,275 |
0% |
| Utilities Fund | $26,941,469 |
$25,808,694 |
($1,132,775) |
-4% |
| Airport Fund | ||||
| -Operating & Debt | $1,145,341 |
$1,181,373 |
$36,032 |
3% |
| -Capital* | $70,000 |
$3,000,000 |
$2,930,000 |
� |
| Capital Fund** | $2,437,000 |
$6,309,633 |
$3,872,633 |
159% |
| Total | $63,549,058 |
$69,275,223 |
$5,726,165 |
9% |
| *Airport Fund -
98% of Capital Projects paid for with Federal and State grants. ** Capital Fund- Majority of Projects paid for with non-town funds. |
||||
FY 2004 GENERAL FUND REVENUES
REAL ESTATE ASSESSED VALUES
PER CAPITA REAL ESTATE TAXES
FY 2004 BUDGET REVENUES
- Increase in cigarette tax from 20 cents to 50 cents ($500,000)
- Increase and initiate various user fees ($100,000)
- Reallocate surplus capital project funds from pay as you go capital projects to department operations ($705,000)
- Use of Irwin W. Uran trust funds ($496,000) for approved purposes (e.g.
schools, police, social services)
FY 2004 GENERAL FUND EXPENDITURES
FY 2004 DEBT SERVICE
- Debt service for FY 2004 is 13.9% of the General Fund budget or $4.45 million
- Debt service is down from 14.8% ($4.9 million) of FY 2003 Operating Budget
- Total General Fund debt is $47.9 million
FY 2004 GENERAL FUND FUND BALANCE (Reserve)
Purpose
Quickly respond to unforeseen emergencies or circumstances
Bond rating agencies require reserve to maintain strong bond rating
Fund Balance
10% of General Fund budget
$3,303,103
FY 2004 BUDGET HIGHLIGHTS
INFORMATION TECHNOLOGY
- INTEGRATED TECHNOLOGY PLAN � To develop a plan for integrating town software for efficient information sharing among departments and with citizens.
- GIS IMPLEMENTATION PHASE II � To continue development of the geographic mapping system to allow citizens and town employees to retrieve and view town maps.
POLICE
- TWO SERGEANTS � Addition of two Sergeants to Patrol Operations to complete the deployment of six patrol teams.
- DETECTIVE � Addition of a detective to concentrate on gang related activities.
- COMMUNITY NOTIFICATION SYSTEM � To implement a computerized telephone calling system to disseminate emergency and non-emergency information to citizens, and businesses directly and through voice mail.
ECONOMIC DEVELOPMENT
- WAYFINDING SIGN SYSTEM � To replace existing signs and add signs directing visitors and residents to various destinations and sites of interest throughout the town.
EMERGENCY MANAGEMENT
- EMERGENCY OPERATIONS EQUIPMENT � To purchase equipment for the efficient management of any emergency/disaster operations.
PLANNING, ZONING & DEVELOPMENT
- TOOLS TO ASSIST WITH COMPREHENSIVE PLAN UPDATE � To contract for a facilitator to assist with community outreach activities and aid in updating the town�s Comprehensive Plan, and purchase a plotter to produce large maps for presentations and inclusion in studies and sector plans.
HUMAN RESOURCES
- INCENTIVE AWARDS PROGRAM � To establish a program to recognize and award employees actions that contribute to teamwork, leadership, innovation, customer service, and quality service.
FINANCE
- CASH RECEIPTS SOFTWARE - To provide a computer software package that will automate the cash receipting function.
ENGINEERING & PUBLIC WORKS
- TRAFFIC TASK FORCE PILOT PROJECTS � To implement traffic calming projects recommended by the Standing Residential Traffic Committee.
STAFFING
- Includes merit pay of up to 5% for employees
- No cost of living wage adjustment
- Additional Positions
- General Fund � 3 new full-time positions
- Utilities Fund � 4 new full-time positions
- Airport Fund � 1 new full-time position
SUPPORT TO COMMUNITY ORGANIZATIONS
| Leesburg Volunteer Fire Company* | $163,000 |
| Loudoun County Rescue Squad | 150,000 |
| Library Foundation/August Court Days | 7,000 |
| First Night Leesburg | 2,500 |
| Loudoun Convention & Visitors Association | 50,000 |
| Loudoun Museum | 27,000 |
| Northeast Quadrant Coalition*** | 20,000 |
| Bluemont Concert Series** | 10,000 |
| YMCA | 10,000 |
| Loudoun Volunteer Caregivers*** | 7,500 |
| Loudoun Co. Small Bus. Dev. Center | 10,000 |
| Northern Virginia Family Services*** | 10,000 |
| Virginia Regional Transportation Assoc. | 61,700 |
| Total | $528,700 |
| *$38,000 is from the Virginia Fire Programs
Fund. **includes a $5,000 Virginia Commission for the Arts Grant. ***Irwin W. Uran Fund. |
|
UTILITIES & AIRPORT FUNDS
UTILITIES FUND
- Water and sewer rates remain the same
- Four new positions
AIRPORT FUND
- No fee increases
- One new maintenance position for expanded responsibilites for terminal expansion scheduled to be completed in the second half of FY 2004
FY 2004 BUDGET INQUIRIES OR QUESTIONS
FOR INFORMATION, QUESTIONS OR A COPY OF THE FY 2004 ADOPTED BUDGET, CONTACT THE OFFICE OF MANAGEMENT & BUDGET 703-737-7016
COPIES ARE AVAILABLE FOR PUBLIC REVIEW AT:
RUST LIBRARY
380 OLD WATERFORD ROAD, LEESBURG, VIRGINIA
703-777-0323
BALCH LIBRARY
208 WEST MARKET STREET, LEESBURG, VIRGINIA
703-737-7195
