Operating Budget 2025-2026

MAJOR REVENUE SOURCES AND SERVICES PROVIDED

The Town of Blacksburg, Virginia offers a wide range of services to its citizens. Below is a list of Town funds and the related major revenue sources and services provided.

Fund Title

Description

Major Revenue Source

Major Services Provided

General

General Operating

Real Estate Taxes

General Government

Funds

Meals & Lodging Taxes

Public Safety Public Works

Sales & Use Taxes

Telecommunication Taxes Business License Taxes

Parks and Recreation Planning & Engineering

Intergovernmental

General Capital Projects

Capital Projects Fund Bond Proceeds

Payments for long-lived assets such as buildings, improvements,

Intergovernmental Interfund transfers

infrastructure, etc.

Equipment Replacement

Capital Projects Fund Transfers from other funds

Payments for equipment replacement

Midtown Special Service District

Special Revenue Fund Real Estate Taxes

Pay debt service and operational costs relating to the Midtown

Meals & Lodging Taxes

Interest Income

parking garage

Debt Service

Debt Service Fund

Transfers from the

Payments for all long-term debt

General Fund

service obligations

Affordable Housing Development Fund American Rescue Plan

Special Revenue Fund Intergovernmental

Community Development

Special Revenue Fund Intergovernmental

Community Development

Act (ARPA) Fund CDBG

Special Revenue Fund Intergovernmental

Community Development

HOME

Special Revenue Fund Intergovernmental

Community Development

Water and Sewer

Enterprise Fund

Fixed Charges Water and sewer services for Volume Charges for Usage property owners and residents Availability and Transfer Fees

Solid Waste and Recycling Enterprise Fund

Solid Waste fee charged

Collection and disposal of solid

to households and businesses waste and recyclables

Stormwater

Enterprise Fund

Stormwater fee charged

Construction and repairs to

to households and businesses stormwater systems

Transit

Enterprise Fund

Intergovernmental

Operating transit services

Fares

Equipment Operations

Internal Service Fund Reimbursements from

Fueling for Town vehicles and department's use of services maintenance of Town vehicles

18