Revenues top expenditures in Frederick by $6,182,991

Posted: October 1, 2013

The Winchester Star

WINCHESTER — Frederick County ended fiscal year 2013 with about $6.1 million more in general fund revenues than expenditures.

The county had $137,167,523 in revenues compared to $130,984,532 in expenditures — for a difference of $6,182,991 — according to year-end information presented Monday by Finance Director Cheryl Shiffler at a Frederick County Finance Committee meeting.

As of July 1, the general fund’s unreserved fund balance was just over $34.1 million.

A primary reason for the additional revenue is that the county received $8,989,000 more in property taxes than it had initially budgeted, according to Shiffler.

The county had to increase its real estate tax rate from 541/2 cents to 58 cents per $100 assessed value for FY 2013 to meet state-mandated contributions employees must make to the Virginia Retirement System.

The additional revenue gives the county flexibility to address nonbudgeted needs — like capital expenditures — that might come up during the current fiscal year, Shiffler said after the meeting.

“That’s my biggest takeaway and that our fund balance is at a healthy amount,” she said of the additional money. “We’re definitely in a positive place with that number.”

Finance Committee Chairman Charles S. DeHaven Jr. also said during the meeting that he was pleased with the revenue situation and that the county is in a positive financial position.

Also during the meeting:

The committee voted 6-0 to recommend approval of a $354,506 supplemental appropriation for Frederick County Fire and Rescue to help end the “Kelly Day” scheduling method — which has fire and rescue staff working for 24-hour periods.

Voted 6-0 to recommend approval of a capital projects fund for Frederick County Parks and Recreation.

Attending the meeting in the Frederick County Administration Building were Chairman Charles S. DeHaven Jr. and members Richard C. Shickle, Gary A. Lofton, Ronald E. Hottle, Judy McCann Slaughter and Angela L. Rudolph.

— Contact Matt Armstrong at marmstrong@winchesterstar.com