Details for Proposed Budget and Fee List

Proposed Budget and Fee List 
Town of Louisa, Virginia
         
PROPOSED BUDGET FOR FISCAL YEAR COMMENCING JULY 1, 2021
COMPARED WITH BUDGET FOR CURRENT FISCAL YEAR
This budget is prepared for informative and fiscal planning purposes only.  Its approval does not constitute an obligation or commitment on the part of the Town Council of this Town to appropriate any funds for that item or purpose.  There is no allocation or designation of any funds of the Town for any purpose until there has been an appropriation for that purpose by the Town Council.  The Town Council will hold a public hearing on the budget for informative purposes at the regularly scheduled Town Council Meeting on Tuesday, May 18, 2021 at 6:00pm at 212 Fredericksburg Avenue, Louisa, Virginia, at which members of the public may comment on the proposed budget.  Comments can also be submitted prior to the meeting by calling our office at (540) 967-1400 or email at info@louisatown.org
     Current Fiscal  Fiscal Year 
     Commencing CommencingIncrease/(Decrease)
     July 1, 2020 July 1, 2021 
General Fund        
Revenue Estimates:        
 Real Estate & PP Tax Levy   $347,578.00 $377,378.00$29,800.00
 Meals Tax Levy   $570,000.00 $640,000.00$70,000.00
 Business and Professional License   $253,000.00 $245,000.00-$8,000.00
 Sales Tax   $75,000.00 $88,000.00$13,000.00
 Interest on Bank Deposits   $8,000.00 $1,500.00-$6,500.00
 Bank Franchise Tax   $140,000.00 $160,000.00$20,000.00
 Law Assistance Grant   $39,000.00 $39,000.00$0.00
 Other State and Local Revenue   $79,400.00 $104,420.00$25,020.00
 Grant Funds  $773,000.00 $1,133,744.00$360,744.00
 From Reserves   $200,090.00 $283,435.00$83,345.00
 Total Projected General Fund Revenue    $2,485,068.00 $3,072,477.00$587,409.00
         
Contemplated Expenditures:        
 Administrative   $706,035.00 $735,348.00$29,313.00
 Streets and Sidewalks   $152,288.00 $197,150.00$44,862.00
 Police   $538,960.00 $579,040.00$40,080.00
 Fire/Rescue   $21,000.00 $26,000.00$5,000.00
 Trash/Recycle Collection   $84,000.00 $99,500.00$15,500.00
 Ball Park   $2,250.00 $1,700.00-$550.00
 Oakland Cemetery   $14,535.00 $16,560.00$2,025.00
 Sub Total   $1,519,068.00 $1,655,298.00$136,230.00
         
 Capital Expenditures:   $966,000.00 $1,417,179.00$451,179.00
         
 Total Contemplated General Fund Expenditures   $2,485,068.00 $3,072,477.00$587,409.00
  Balance orSurplus/(Deficit) $0.00 $0.00 
Water Fund        
 Revenue       
 Water Revenue   $584,600.00 $589,000.00$4,400.00
 Other - State & Local   $35,000.00 $0.00-$35,000.00
 From Reserves   $0.00 $0.00$0.00
 Total Projected Water Revenue   $619,600.00 $589,000.00-$30,600.00
         
 Expenses       
 Operating Expenditures   $483,416.00 $510,780.00$27,364.00
 Sewer Fund Transfer   $136,184.00 $78,220.00-$57,964.00
 Debt Service   $0.00 $0.00$0.00
 Transfer to Reserves   $0.00 $0.00$0.00
 Capital Expenditures   $0.00 $0.00$0.00
 Total Contemplated Water Expenditures   $619,600.00 $589,000.00-$30,600.00
  Balance or Surplus/(Deficit) $0.00 $0.00 
         
Sewer Fund        
 Revenue       
 Sewer Revenue   $614,984.00 $653,970.00$38,986.00
 Other - State & Local   $451,600.00 $0.00-$451,600.00
 From Reserves   $150,500.00 $126,584.00-$23,916.00
 Total Projected Sewer Revenue   $1,217,084.00 $780,554.00-$436,530.00
         
 Expenses       
 Operating Expenses   $463,580.00 $618,150.00$154,570.00
 Debt Service   $151,404.00 $162,404.00$11,000.00
 Capital Expenditures   $602,100.00 $0.00-$602,100.00
 Total Contemplated Sewer Expenditures   $1,217,084.00 $780,554.00-$436,530.00
  Balance orSurplus/(Deficit) $0.00 $0.00 
         
Hillcrest Cemetery Fund        
 Revenue       
 Interest Income   $6,500.00 $4,000.00-$2,500.00
 Sale of Lots   $10,000.00 $10,000.00$0.00
 Other   $3,500.00 $13,895.00$10,395.00
 From Hillcrest Reserve Funds   $48,365.00 $59,880.00$11,515.00
 Total Projected Revenue   $68,365.00 $87,775.00$19,410.00
         
 Expenses       
 Operating Expenses   $68,365.00 $87,775.00$19,410.00
 Capital Improvements   $0.00 $0.00$0.00
 Total Contemplated Expenditures   $68,365.00 $87,775.00$19,410.00
  Balance orSurplus/(Deficit) $0.00 $0.00 
         
All Funds        
Total Projected Revenue     $4,390,117.00 $4,529,806.00$139,689.00
Total Contemplated Expenditures    $4,390,117.00 $4,529,806.00$139,689.00
         
Notice is hereby given that the Town Council proposes the following tax levies for the Fiscal Year
commencing July 1, 2021 are adjusted as follows:   
         
 Unit Levy:  Cents per $100 Assessed Valuation   Proposed LevyChange   
 Real Estate unchanged at    $0.16No Change  
 Tangible Personal Property unchanged at   $0.71No Change  
 Prepared Meals Tax is unchanged at   5.50%No Change  
 PPTRA Relief is unchanged at   50%No Change  
         
         
Notice is hereby given that the Town Council proposes the following utility rates for the Fiscal Year 
commencing July 1, 2021 with increases and (decreases) as indicated. 
         
UTILITY and SERVICE  RATES   Current   FY  FY 7/1/21-6/30/22Change  
         
Water Base Rate   $37.32  $37.32No Changefor 4,000 gallons
Water Over 4,000 Rate   $6.66  $6.66No Changefor 1,000 gallons
Sewer Base Rate   $40.53  $40.53No Changefor 4,000 gallons - $6.19 increase effective 3/1/21
Sewer Over 4,000 Rate   $8.49  $8.49No Changefor 1,000 gallons - $1.30 increase effective 3/1/21
Bulk Sale of Water w/$25.00 Minimum   $16.65  $16.65No Changeper 1,000 gallons
         
Meter Deposit   $150.00  $150.00No Change  
Water Base Rate (out of town)   $41.92  $41.92No Changefor 4,000 gallons
Sewer Base Rate (out of town)   $59.42  $59.42No Changefor 4,000 gallons - $9.07 increase effective 3/1/21
Water Over 4,000 Rate (out of town)   $8.05  $8.05No Changefor 1,000 gallons
Sewer Over 4,000 Rate (out of town)   $9.02  $9.02No Changefor 1,000 gallons - $1.38 increase effective 3/1/21
Residential Sewer Connection Fee        
    Per Single Family Unit 5/8"    $7,720.00  $7,720.00No Change  
Residential Water Connection Fee        
    Per Single Family Unit 5/8"    $4,780.00  $4,780.00No Change  
Large and Commercial Water Connection        
  1"   $15,840.00  $15,840.00No Change  
  1.5"   $27,400.00  $27,400.00No ChangePlus installation cost
  2"   $42,265.00  $42,265.00No ChangePlus installation cost
  3"   $72,600.00  $72,600.00No ChangePlus installation cost
  4"   $116,465.00  $116,465.00No ChangePlus installation cost
  6"   $233,335.00  $233,335.00No ChangePlus installation cost
Large and Commercial Sewer Connection        
  1"   $22,865.00  $22,865.00No Change  
  1.5"   $42,000.00  $42,000.00No ChangePlus installation cost
  2"   $67,200.00  $67,200.00No ChangePlus installation cost
  3"   $126,000.00  $126,000.00No ChangePlus installation cost
  4"   $210,000.00  $210,000.00No ChangePlus installation cost
  6"   $420,000.00  $420,000.00No ChangePlus installation cost
Commercial Solid Waste Tipping Fee  $20/$15.50/$11.50 $20/$15.50/$11.50No Change  
Burial Permits - Hillcrest  $100 -  $150 $100 -  $150No Change  
Stone Permits - Hillcrest   $50.00 $50No Change  
Sign Permits  $15 plus $1sq ft>32 $15 plus $1sq ft>32No Change  
Rezoning   $750.00  $750.00No Change  
SUP   $750.00  $750.00No Change  
Trespass Notice   $15.00  $15.00No Change  
Accident Reports Copies   $10.00  $10.00No Change  
         
HILLCREST BURIAL SPACES        
Town Real Estate Owners   $800.00  $800.00No Change  
All Others   $1,500.00  $1,500.00No Change  
Columbarium        
 Residents $800.00  $800.00No Change  
 All Others $1,500.00 $1,500.00No Change  
This summary and the entire proposed budget may be viewed at www.louisatown.org or call/email to request a copy. 
The budget for the Fiscal Year commencing July 1, 2021 will be adopted at the monthly meeting on June 15, 2021. 
         

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