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FY2023 Proposed Budget Public Hearing

4/29/2022

Victoria Town Council will hold a public hearing on the proposed FY2023 town budget on Tuesday, May 10, 2022 at 7:00 PM at the Victoria Municipal Building.  The proposed budget includes a $1.00 per month increase in the minimum water charge and a $2.00 per month increase in the minimum sewer charge.  These increases are due to water and sewer projects coming up in FY23.

 

Town of Victoria Budget Synopsis
07/01/2022 TO 06/30/2023
             
General Fund Anticipated Revenue     General Fund Anticipated Expenditures
  Real/Personal Taxes $227,000.00     Legislative $10,000.00
  Sales Tax $40,000.00     Administrative $101,556.00
  Utility/Consumption Tax $85,000.00     Legal $3,050.00
  Bank Tax $37,280.00     Police Department $298,508.00
  Motor Vehicle License $30,000.00     Fire/Rescue $103,500.00
  Police Fines $7,500.00     Streets/Sidewalks $52,353.00
  Interest on Checking $1,500.00     Municipal Building $15,186.00
  Law Enforcement Funds $47,000.00     Trash/Refuse $108,289.00
  Fire Programs ATL $15,000.00     DMV Expenses $4,500.00
  Refuse Charge $105,000.00     Library $8,000.00
  Business License $34,000.00     Victoria High School $3,200.00
  Zoning Fees $500.00     Blight Property $3,500.00
  Meals Tax $74,915.00     Miscellaneous Operations $48,773.00
  DMV Proceeds $26,400.00     Emergency Reserve $2,000.00
  Miscellaneous Revenue $31,320.00        
             
  Total $762,415.00     Total $762,415.00
             
Water Fund Anticipated Revenue     Water Fund Anticipated Expenditures
  Water Service Charges $713,000.00     Filter Plant Operations $423,650.00
  Water Tap Fees $200.00     Shop Operations $162,354.00
  Miscellaneous Revenue $3,400.00     Miscellaneous Operations $29,850.00
  Penalty Fees $15,400.00     Administration $63,896.00
          Capital Improvements $52,250.00
             
  Total $732,000.00     Total $732,000.00
             
Wastewater Fund Anticipated Revenue   Wastewater Anticipated Expenditures
  Wastewater  Charges $630,000.00     Wastewater Operations $348,943.00
  Wastewater Tap Fees $200.00     Shop Operations $110,438.00
  Penalty Fees $11,000.00     Miscellaneous Operations $37,619.00
          Administration $64,026.00
          Capital Improvements $80,174.00
             
  Total $641,200.00     Total $641,200.00
             
Parks and Recreation Anticipated Revenue   Parks and Recreation Anticipated Expenditures
  Meals Tax $34,000.00     Labor $8,500.00
  Miscellaneous Revenue $4,250.00     Electricity $1,500.00
          Repairs/Supplies $14,900.00
          Fuel $750.00
          Entertainment $6,400.00
          Park Equipment $4,500.00
          Trail $1,500.00
          Miscellaneous Expense $200.00
             
  Total $38,250.00     Total $38,250.00
             
Pool Anticipated Revenue     Pool Anticipated Expenditures  
  Passes $14,500.00     Labor $9,800.00
  Concessions $1,300.00     Operations $6,400.00
  Special Events $400.00        
  Total $16,200.00     Total $16,200.00
             
Cemetery Anticipated Revenues     Cemetery Anticipated Expenditures  
  Lakeview $1,250.00     Lakeview $1,250.00
  Oakwood $500.00     Oakwood $500.00
             
Total Revenue $2,191,815.00   Total Expenditures $2,191,815.00
             
             
This proposed budget is published pursuant to section 15.2-2506 of the Code of Virginia.  A public hearing for the budget  
and proposed utility increases is set for Tuesday, May 10, 2022 at 7:00 PM in the Victoria Town Office at 1809 Main 
Street, Victoria, VA. Interested citizens are urged to express their concerns.  This budget is based on the following 
current adopted Victoria Town Code on the levies as follows: Real Estate $0.18 per $100 of assessed value;  
Personal property $0.98 per $100 of assessed value based on a 100% assessment at trade in value;Machinery and
tool $0.75 per $100 assessed value based on an assessment of 33 1/3 of original cost.  Bank stock 80% per $100 
value.            
             
Proposed Utility Increases          
Water Rate - increase the minimum rate from $30.50 per month to $31.50 per month  
Sewer Rate - increase the minimum rate from $20.50 per month to $22.50 per month  
             
It is the intention of the Victoria Town Council to comply with the Americans with Disabilities Act.  Should you  
need special accomodations, please contact the Town Office prior to the meeting date.  
             
Rodney Newton, Town Manager          
Town of Victoria