Operating Budget 2025-2026

DESCRIPTION OF GENERAL FUND REVENUES ( continued)

CHARGES FOR RENTAL OF PROPERTY Rental of Recreational Facilities:

Rates listed below are for the most frequently utilized rooms at the Community Center and other facilities: Per Hour Gym Rental (Athletic/Non-Athletic) $ 30.00/50.00 Multipurpose Room 35.00 Social or Art Room 20.00 Community Room 30.00 Game or Program Room 20.00/25.00 Park Shelter (5 hours/all day) 35.00/55.00 Field Rentals 12.00 Tournament Fees (Per athletic field, per day) 100.00

Rental of Rescue Squad Meeting Rooms: Rental of Armory and Thomas Connor House:

Three different sized rooms ranging from $15.00 - $30.00 per hour.

The annual rental fee is based on a negotiated contract with Virginia Tech.

Parking Meter and Lot Charges:

Coins collected from meters and parking lot rental. The current parking meter rate is $1.00 per hour. A construction parking pass for $15.00 a week is available. The Armory and Progress Street lots are leased on an annual basis at $45.00 per month. The Town has a 40-year easement on the Kent Square garage whereby the Town receives $1,000/month for parking. The annual rental fee for use of water tanks is based on a negotiated lease with each provider with a term of five years.

Kent Square Garage:

Cellular Antenna

Rental:

CHARGES FOR CURRENT SERVICES Virginia Tech Electric:

Five percent of Virginia Tech Electric monthly sales are paid to the Town for allowing Virginia Tech to have the electric contract. The base fee is $275,000 with an annual increase of 1.50%.

Sale of Police Cars and Government Vehicles: These are vehicles that are no longer needed by the Town and are sold by sealed bids or auction. Sale of Materials: Miscellaneous charges for Town services to private concerns or other municipalities.

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