Budget

The Finance Department and City Manager’s Office prepares an annual budget for City Council review and adoption. The team consists of the Finance Director, Assistant Finance Director, Budget Analyst, and Assistant City Manager’s who work together with the City Manager by preparing two major documents:

The City Manager’s Recommended Budget, which is the document reviewed by council
Adopted Budget, which is released after the council has adopted the budget for the fiscal year

It is the goal of the City Manager’s Office is to maximize city resources by identifying cost saving measures and making improvements to the budget process each year. The Finance Department and City Manager’s Office also prepares for consideration any amendments to the budget which are necessary throughout the year.

The city budget is the operating plan for the fiscal year. The operating budget is the portion of the budget dedicated to the ongoing operations of the city, while the capital budget is the portion of the budget for major capital projects in the city’s capital funds. The city also prepares a five-year Capital Improvements Plan (CIP).

The budget team also helps to coordinate performance management for the City of Fredericksburg. Each year the city works to improve the collection of data and evaluate it accordingly, to continually improve the services provided to our residents.

City Audit Reports

FY 2023 City Manager's Recommended Budget (released March 8, 2022)

This year’s budget meetings will be held in-person and will also be live streamed and recorded for playback at https://www.regionalwebtv.com/fredcc. The Budget Public Hearing will be held on April 19 at 7 p.m. Citizens who wish to speak at the public hearing do not have to sign up to speak prior but may want to contact the Council Clerk, Tonya Lacey at tlacey@fredericksburgva.gov or call (540) 372-1010 as a courtesy. We are happy to answer any questions you may have about the budget by calling the City Manager's Office at (540) 372-1010 or emailing citymanager@fredericksburgva.gov.

Preliminary Upcoming City Council Action Items List

April 5, 2022 – Fredericksburg City Council Special Called Meeting - Agenda link to items
1. Ordinance 22-__, First & Second Read, Amending City Ordinance 58-64 to Eliminate Annual City License Fees
2. Ordinance 22-__, First & Second Read, Amending Ordinance 70-131 to Revise Tangible Personal Property Tax Rate
3. Resolution 22-__, Setting the Personal Property Tax Relief Percentage for the 2022 Billing in Accordance with Changes to the Tangible Personal Property Tax Rate Revision
April 12, 2022 Budget Work Session
- Presentation
April 19, 2022 - Budget Public Hearings

Budget Ads are linked for each of these public hearings.

April 26, 2022

Ordinance 22-__, First Read, Setting the Real Estate Tax Rate at $0.87 per Every $100 of Assessed Value of Real Estate for Fiscal Year 2023
Ordinance 22-__, First Read, Amending Water and Sewer Fees Rates and Charges
Ordinance 22-__, First Read, Amending the Fee Schedule for Planning and Zoning Applications
Resolution 22-__, Amending the Schedule of Fees for Building Services
Ordinance 22-__, First & Second Read, Amending City Code Section 10-333 to Enable City Council to Provide for Compensation to the Members of the Fredericksburg Planning Commission, in Accordance with Virginia Code § 15.2-2212
Resolution 22-__, Setting Rates of Compensation for Members of the Fredericksburg Planning Commission, Architectural Review Board, and Board of Zoning Appeals
Resolution 22-__, First Read, Adopting and Appropriating Funds for Fiscal Year (FY) 2023 Beginning July 1, 2022 through June 30, 2023. City of Fredericksburg Operating, Capital, and Fredericksburg City Schools

May 10, 2022
1. Ordinance 22-__, Second Read, Setting the Real Estate Tax Rate at $___ per Every $100 of Assessed Value of Real Estate for Fiscal Year 2023
2. Ordinance 22-__, Second Read, Amending Water and Sewer Fees Rates and Charges
3. Ordinance 22-__, Second Read, Amending the Fee Schedule for Planning and Zoning Applications
4. Resolution 22-__, Second Read, Adopting and Appropriating Funds for Fiscal Year (FY) 2023 Beginning July 1, 2022 through June 30, 2023. City of Fredericksburg Operating, Capital, and Fredericksburg City Schools
5. Resolution 22-__, Adopting the Fiscal Year 2023 – Fiscal Year 2027 Capital Improvement Plan
Date TBD
- Resolution 22-__, Releasing Prior Allocations of Motor Fuels Tax Funds for Various Projects
- Resolution 22-__, Authorizing the Use of $____ in Motor Fuels Taxes for the Virginia Railway Express and $____ for the Potomac and Rappahannock Transportation Commission for Fiscal Year 2023
- Resolution 22-__, Authorizing the Use of $____ of Motor Fuels Tax Funds for Various Transportation Projects

Special Meeting on Budget and Work Session on March 29, 2022

Special Meeting Presentation

Work Session Presentation

Agenda

Budget Work Session on March 22, 2022

Presentation

Budget Documents

City Manager's Budget Presentation Remarks given at March 8, 2022 Council Meeting

Tab 1: Transmittal Letter (key points and summary of budget)

Tab 2: Overview

Tab 3: Personnel

Tab 4: Financial Summary