Town of Blacksburg Adopted Operating Budget FY 2027

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FINANCIAL SERVICES DEPARTMENT (continued)

FY 2024

FY 2025

FY 2026 Budget

FY 2026

FY 2027 Budget

FINANCIAL SERVICES

Actual

Projected

Utility Services Division: Collection percentage for utility bills Write offs percentage Number of electronic payments Electronic payments received

95.00%

0.03%

0.04%

0.07%

0.04%

$105,345

$106,173

$107,000

$108,000

$109,000

$12,785,584 $13,517,792 $14,250,000 $14,980,000 $15,700,000

Daily work orders

6,294

5,540

6,000

5,400

6,000

performed by two employees Number of bills processed

124,514 10,184

125,709 10,228

127,500 10,250

126,750 10,400

128,500 10,500

Number of meters

Accounting Division: Payroll direct deposits issued Payroll checks issued Employee benefit checks issued Accounts Payable checks issued Accounts Payable EFTs issued Meals/Lodging tax revenue Meals/Lodging tax collection percentage Real Estate tax revenue Real Estate tax collection percentage Business License tax revenue Procurement card transactions

$13,661,337 $15,080,669 $16,500,000 $17,900,000 $19,300,000

$529,593

$553,597

$577,600

$600,000

$625,000

$13,895,802 $16,197,901 $18,500,000 $20,800,000 $23,100,000

$24,505,753 $26,000,000 $28,000,000 $32,000,000 $32,000,000

$26,143,215 $36,666,667 $30,000,000 $39,000,000 $41,000,000

$929,322

$1,000,000

$1,175,000

$1,200,000

$9,267,485

$9,658,598

$7,500,000 $10,671,766 $11,149,000

99.64%

99.00%

$11,100,060 $12,871,741 $12,845,000 $12,998,300 $14,757,000

94.84%

95.00%

$3,527,346

$3,259,996

$3,569,200

$3,412,109

$3,624,700

Business License tax

99.98%

99.00%

collection percentage Number of payments received

166,821

170,911

175,000

180,000

183,000

Payments Received Payments received electronically

$88,154,205 $88,202,103 $88,250,000 $88,300,000 $88,350,000

75%

76%

Total payments received electronically Purchasing Division: Purchase order volume (two employees)

$66,476,879 $66,988,440 $67,500,000 $68,000,000 $68,500,000

$21,00,000 $74,778,698 $21,000,000 $21,000,000 $21,000,000

Supplies issued from

N/A

the Town warehouse Surplus sold by the Town

$116,000

$142,642

$116,000

$120,000

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