Town of Blacksburg Adopted Operating Budget FY 2027

FY 2027 does not represent an ongoing structural imbalance where recurring operating costs are being funded with one-time resources. Instead, fund balance is being used strategically to support previously identified projects, capital investments, and fund-specific purposes while maintaining appropriate reserves. Several funds are projected to change by more than 10 percent during FY 2027:

Ending Balance

Fund

Beginning Balance

Change

Explanation

Planned use of available fund balance, primarily for one-time capital projects and approved nonrecurring needs.

General Fund

$15,640,667

$8,093,776

-$7,546,891 / -48.3%

Planned use of accumulated restricted or dedicated resources for eligible fire related purposes. Planned use of fund balance to support utility system capital and operating needs exceeding current year revenues. Revenues are projected to exceed expenditures, increasing available fund balance. Planned use of available resources for stormwater-related projects and program needs. Planned use of accumulated resources for equipment-related costs.

State Fire Fund

$1,125,000

$0 -$1,125,000 / -100.0%

Water & Sewer Fund

$11,687,054 $10,244,485

-$1,442,569 / -12.3%

Solid Waste & Recycling Fund

$825,495

$925,590

+$100,095 / +12.1%

Stormwater Fund

$2,246,277

$1,394,184

-$852,093 / -37.9%

Equipment Operations Fund

$560,800

$483,552

-$77,248 / -13.8%

Funds with no projected ending balance, including Rescue, CDBG, HOME Consortium, and General Capital Improvements, are budgeted so that estimated revenues or available financing sources equal planned expenditures. The Midtown Special Service District Fund is projected to remain unchanged, while the Transit Fund is projected to decrease modestly by $160,058, or 1.3 percent. Overall, the FY 2027 changes in fund balance reflect intentional budget decisions to align available resources with planned service, capital, and infrastructure needs. The Finance Department and Budget Office will monitor revenues, expenditures, and fund balance throughout the fiscal year. If actual activity varies materially from budget assumptions, staff will evaluate the impact on fund balance and recommend budget amendments or other corrective actions as needed.

20