2. 1 County of Nelson Budget Presentation FISCAL YEAR 2001/2002 July 1, 2001 through June 30, 2002

3. 2 What is the Budget? An Overview of County Budgets NELSON COUNTY

4. 3 BUDGET FUNDS  General Fund Operating Budget  School Fund Operating Budget  E911 Fund Budget  Capital Fund Budget  Community Development Block Grants  Piney River Water/Sewer Project Budget  Street Light Fund Operating Budget

5. 4 FISCAL PLAN STRATEGIES n Maintain Basic Services at current levels. n Maintain all tax rates at current levels. n Continue to make Education a high priority. n Maintain Capital Fund by contributing interest earned on the $3.5 Million realized from the shift to twice a year tax collections, the FY2001 five cent increase in Real Property tax, and.5% growth in Real Property values. n Maintain fiscal stability through an appropriately funded General Fund Balance.

6. 5 GENERAL FUND BUDGET COMPARED TO FY00-01 FY00-01$20,448,528 FY01-02$17,848,280 Decrease$ 2,600,248 % Change -12.72%

7. 6 GENERAL FUND REVENUES

8. 7 GENERAL FUND REVENUES LOCAL

9. 8 PROPERTY TAXES AS LOCAL REVENUE

10. 9 CURRENT TAX RATES PER $100 OF ASSESSED VALUE

11. 10 GENERAL FUND REVENUES STATE AND FEDERAL

12. 11 GENERAL FUND REVENUE HIGHLIGHTS  Local revenues are projected to increase by $1,014,987 (7.32%).  State revenues are projected to increase by $183,891 (7.18%).  Federal revenues are projected to decrease by $29,385 (60.75%).

13. 12 GENERAL FUND EXPENDITURES

14. 13 GENERAL ADMINISTRATION

15. 14 JUDICIAL ADMINISTRATION

16. 15 PUBLIC SAFETY

17. 16 HEALTH AND WELFARE

18. 17 EDUCATION

19. 18 RECREATION $126,760

20. 19 PUBLIC WORKS

21. 20 COMMUNITY DEVELOPMENT

22. 21 NON-DEPARTMENTAL n Regional Library n EMS Council n JABA n Piedmont Housing n Community Service n JAUNT n MACAA n Shelter for Help n Family Preservation Grant n Industrial Dev. Authority n Blue Ridge Railway Trail n T.J. Econ. Dev. Council n Housing Development n The Nelson Center n Va. Institute of Gov’t n Wintergreen Performing Arts n Employee Benefits Total Non-Departmental $1,170,135

23. 22 CAPITAL OUTLAY

24. 23 CONTINGENCY $251,505

25. 24 GENERAL FUND EXPENDITURE HIGHLIGHTS  Continued support of Capital Fund for school projects in progress.  5% increase in local School operational funding.  3.3% increase in General Fund operation expenditures.  Mandated groundwater and gas monitoring at the landfill (115,100).

26. 25 Highlights continued…  Reassessment beginning Fall, 2001 to become effective January, 2003  County operated Recreation program.  Support for local fire and rescue ($317,033)  Comprehensive Plan Update  Zoning and Subdivision Ordinance revision  Technology networking project

27. 26 E911 Fund Revenues

28. 27 E911 Expenditures

29. 28 Community Development Block Grants

30. 29 PINEY RIVER WATER/SEWER PROJECT

31. 30 STREET LIGHT FUND

32. 31 CAPITAL FUND

33. 32 CAPITAL FUND

34. 33 PROJECTS UPDATE:  Construction drawings of the new Middle School and High School renovation project are being finalized. Projected bid date is July, 2001. Estimated completion date is the fall of 2003.  Structural repair project at the High School is complete.

35. 34 FINANCING STRATEGY:  Establish Capital Reserve Fund.  Initial source for fund is approximately 3.5 million from the shift to twice a year tax collections in 2000.  Five cent real property tax increase effective in 2000 is also dedicated to this fund. .50% of assessed value growth will be applied toward debt service.  Financing through Literary Loans and Lease Revenue Bonds.

36. 35 GOALS AND OBJECTIVES  Meet the County’s school related capital improvement needs.  Minimize future tax rate increases.  Maximize potential investment earnings.  Maximize the County’s long term fiscal position in order to meet future capital improvement needs.

37. 36 ADVANTAGES TO STRATEGY

38. 37 NELSON COUNTY PUBLIC SCHOOLS

39. 38 SCHOOL REVENUE

40. 39 SCHOOL EXPENDITURES

41. 40 COUNTY FUNDING FOR SCHOOL OPERATIONS

42. 41 SUMMARY BY FUND

43. 42 THE END