Town of Blacksburg Adopted Operating Budget FY 2027

GENERAL FUND FIVE-YEAR SUMMARY

Actual 1 FY 2025

Actual

Actual

Budget FY 2026

Budget FY 2027

FY 2023

FY 2024

Beginning Fund Balance

$ 12,325,883

$ 14,308,288

$ 24,671,971

$ 12,251,733

$ 15,640,667

REVENUES Taxes

25,378,029 3,822,539 5,461,027 4,858,600

27,483,203 4,134,873 5,960,958 4,991,178 2,347,843 1,160,891 5,202,336 51,468,448 187,166

27,672,137 3,996,088 6,160,111 5,233,714

29,139,800 4,370,100 6,200,400 5,060,900

31,697,800 4,409,400 6,263,000 5,688,200

Licenses, Fees and Permits

Intergovernmental

Charges for Current Services

Fines and Forfeitures

150,176 732,675 888,035

181,565

185,400 750,000 730,350 100,000

195,400

Interest Income

1,282,184

1,000,000

Miscellaneous Revenue Other Financing Sources

819,249

815,800 100,000

298,642

-

Total Revenues and Transfers

41,589,723

45,345,048

46,536,950

50,169,600

EXPENDITURES Legislative

299,151

336,743

339,896

366,805

327,410

6,346,863

6,395,184

Executive

3,244,319

4,546,973

5,226,043

486,958

512,195

Legal

397,905

432,163

460,011

Finance

1,906,300

2,098,151 1,021,414 9,766,869 1,552,042 5,216,665 3,108,330 1,317,692 1,581,352 1,318,782 3,416,713 5,390,876 41,104,765

2,730,575 1,461,516 11,331,739 1,863,665 7,726,120 4,173,493 1,835,788 2,073,749 1,152,650 3,343,325 8,554,160 53,420,497

2,886,014 1,671,260 12,572,733 1,181,107 8,211,452 4,421,741 2,085,471 2,153,104 2,207,572 3,343,743 9,708,110 57,716,491

2,111,940 1,196,573 10,443,996 1,589,986 7,475,243 3,625,527 1,739,918 1,863,740 3,492,968 11,867,811 52,017,666 596,500

Technology

954,367

Police

9,194,043 1,426,164 6,315,730 2,808,538 1,668,785 1,202,603 6,815,051 3,374,362

Fire and Rescue*

Public Works

Parks and Recreation Engineering and GIS Planning and Building

Non-departmental and Transfers

Debt Service Capital Outlay

-

Total Expenditures and Transfers

39,607,318

Excess (Deficiency) of Revenues Over Expenditures and Transfers

(6,883,547) **

(7,546,891) **

10,363,683

(6,672,618)

1,982,405

Fund Balance at End of Fiscal Year

14,308,288

24,671,971

17,999,353

5,368,186

8,093,776

RESERVED Committed for Encumbrances

597,816

2,131,212 8,916,750

123,047

575,000

575,000

Assigned for use

3,933,800

6,672,618

-

-

Nonspendable for Inventory and Prepaid Expenses Total Reserved Fund Balance

9,063

8,383

9,063

10,000 585,000

10,000 585,000

4,540,679

11,056,345

6,804,728

Total Unassigned Fund Balance

9,767,609

13,615,626

11,194,625

4,783,186

7,508,776

Ending Fund Balance

$ 14,308,288

$ 24,671,971

$ 17,999,353

$ 5,368,186

$ 8,093,776

1 The FY 2025 Actuals are unaudited. *In the FY 2027 Budget, Rescue is accounted for in a separate special revenue fund. **Planned use of Fund Balance

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