Town of Blacksburg Adopted Operating Budget FY 2027

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 Special Revenue Fund Real Estate Taxes Pay debt service and operational Service District Meals & Lodging Taxes costs relating to the Midtown Interest Income parking garage Debt Service Debt Service Fund Transfers from the Payments for all long-term debt General Fund service obligations Affordable Housing Special Revenue Fund Intergovernmental Community Development Development Fund American Rescue Plan Special Revenue Fund Intergovernmental Community Development Act (ARPA) Fund CDBG Special Revenue Fund Intergovernmental Community Development HOME Special Revenue Fund Intergovernmental Community Development Rescue Special Revenue Fund Charges for Services Rescue Interfund Transfers 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

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