The Department of Budget and Management provides financial and management information, control and guidance to the Board of Supervisors, County Administrator and County Departments/Divisions. The department manages the development and execution of the County's Financial Plan and Multi-Year Capital Improvement Program, performs various types of evaluation, research and analyses for the County Administrator, maintains the capital projects administrative procedure and oversees all of the county's capital project budgets. In addition, the department provides fiscal impact analyses on State legislative issues, and administers the county's Cash Proffer Policy.
FY2017 Adopted Budget
The FY2017 adopted operating budget and Capital Improvement Program was adopted by the Board of Supervisors on April 13, 2016. This budget paves the way for continued success and is carefully crafted in the County’s longstanding tradition of providing exemplary core services and a high quality of life at the lowest cost possible. This plan is built in accordance with the Five-Year Plan; strengthens public safety and education; addresses cleaning up the Chesapeake Bay; accelerates the school referendum and promotes revitalization; doubles down on our already successful economic development efforts; provides needed funding for local roads and other bedrock infrastructure – and does it all at no increase in real, per capita cost of service.
FY2017 Revenue Work Session
The FY2017 Revenue Work Session was presented on February 10, 2016, and summarized the County’s current economic outlook and its implications for the revenue side of the FY2017 budget. In addition, the FY2017 Work Session provided a detailed reconciliation of the current forecast to the revenue outlook embedded in the five-year plan, as well as its preliminary, high-level relationship to the FY2017 spending plan.
FY17-21 PROPOSED Capital Improvement Program
The County Administrators Proposed FY2017-2021 Capital Improvement Program (CIP) was presented to the Board of Supervisors on January 27, 2016 (view presentation).
A public hearing on the proposed CIP is scheduled for March 23, 2016 at 6:30 p.m. in the Chesterfield County Public Meeting Room, 10001 Iron Bridge Road.
FY2016 Adopted Budget
The FY2016 adopted operating budget and Capital Improvement Plan, adopted by the Board on April 15, 2015, is within 0.09 percent of last year’s forecasted total. Overall, the adopted FY2016 general fund budget totals $785.6 million, an increase of 2.46 percent over the prior year total. More importantly, it overcomes an anticipated $6.4 million deficit to accomplish the full list priorities laid out in the Board’s five-year plan with no change to the existing tax rate structure. The centerpiece of the FY2016 plan continues to be additional investments in public safety, education, and capital facilities. The school division remains the largest recipient of new funding – representing more than half of the total growth in the FY2016 budget. On the general government side, the FY2016 plan includes additional manpower in Police and the Emergency Communications, additional equipment for first responders in Police and Fire, and the funding to operate the new North Courthouse Road Library. On the capital front, the adopted plan is headlined by a full $20 million slate of Revenue Sharing (transportation) projects and a continued emphasis on major maintenance.