HomeMy WebLinkAboutFY 2024-25 Non-Departmental Proposed Budget Presentation 04302024FY 2024‐25 Non‐Departmental Proposed Budget1Kaitlyn JamesApril 30, 2024
FY 2024‐25 Programmatic BudgetRegional Grant$4,207,1699%COG$498,9661%Leases$3,780,8698%Revenue Reimbursements15,001,925 30%Hampton Roads Transit$9,103,68818%Committee Trust Fund$1,2480%Public Defender Pay Supplement$500,0001%Local Vehicle Registration$1,610,0003%Vehicle Replacements$6,000,00012%Independent Financial Services $194,6740.3%Benefits Administration$735,5382%Employee Special Benefits$7,891,50216%2
Programmatic Operating BudgetChange (%)Change ($)FY 2024‐25 Proposed FY 2023‐24 AmendedProgram‐15.7%($633,272)$3,407,169 $4,040,441 Regional Grants‐$800,000 $800,000 ‐Regional Grant‐VB Rescue Squads*5.0%$434,204 $9,103,688 $8,669,484 Hampton Roads Transit‐29.5%($208,994)$498,966 $707,960 Community Organization Grants0.0%‐$735,538 $735,538 Benefits Administration3.3%$250,000 $7,891,502 $7,641,502 Employee Special Benefits0.0%‐$1,610,000 $1,610,000 Local Vehicle Registration 0.0%‐$3,780,869 $3,780,869 Leases0.0%‐$6,000,000 $6,000,000 Vehicle Replacements0.0%‐$500,000 $500,000 Public Defender Pay Supplement‐100.0%($3,087,214)‐$3,087,214 Computer Replacements‐100.0%($9,805,644)‐$9,805,644 Subscriptions3.2%$6,036 $194,674 $188,638 Independent Financial Services‐$1,248 $1,248 ‐Committee Trust Fund11.3%$1,527,881 $15,001,925 $13,474,044 Revenue Reimbursements‐17.8%($10,715,755)$49,525,579 $60,241,334 Total*In FY 2023‐24 this grant was included in EMS’ Operating Budget3
Regional OrganizationFunded via Agreements/Memorandums of UnderstandingChange (%)Change ($)FY 2024‐25FY 2023‐24Organization‐‐$459,470 $459,470 Hampton Roads Alliance‐‐$546,462 $546,462 Hampton Roads Planning District Commission*‐0.5%($515)$113,903 $114,418 Hampton Roads Workforce Council‐0.6%($1,321)$227,693 $229,014 Hampton Roads Military and Federal Facility Alliance‐‐$50,880 $50,880 Sister Cities/Sister Cities Dues‐‐$500,000 $500,000 Public Defender Salary Stipends‐‐$70,000 $70,000 Old Dominion University‐0.1%($1,836)$1,968,408 $1,970,244 Total*Amount may change following final HRPDC vote. Final amount will be known in late May4
Regional Organizations Non‐MOU Driven FundingFY 2024‐25 AwardOrganization$24,500 Eggleston$441,000 Virginian Wesleyan$178,202 Lynnhaven River NOW$5,880 Tidewater Community College$450,348 Eastern Virginia Medical School$9,800Hampton Roads Chamber of Commerce$13,426STOP Inc.$7,840Virginia Dare Soil Conservation $19,600USO$29,400Virginia Beach SPCA$132,300Museum of Contemporary Art‐Education Grant$19,600Students on the Swim$343,000Virginia Arts Festival$47,040Court Appointed Special Advocates$9,800Hampton Roads Pride$19,600American Red Cross$19,600Elizabeth River Project$51,940Square One$24,500Virginia Symphony$9,800Virginians for High‐Speed Rail$20,825Navy League$49,000Virginia African American Cultural Center$1,960 Virginia Center for Inclusive Communities$9,800 Southeast 4‐H$2,738,261Total5
Requested but Not Funded Grant Requests•Court Appointed Special Advocates‐$27,000•EVMS‐$30,096•Southern Tidewater Opportunity Project‐$11,680•USO‐$29,000•Virginia Beach SPCA‐$20,000•Lynnhaven River Now‐$10,000•Center for Global Diplomacy‐$75,000•Oceana Volunteer Fire Department‐$500,000•Foodbank‐$550,000•Boys and Girls Club‐$250,000•Tidewater Arts Outreach ‐$10,000•MOCA‐$575,000•Senior Services of Southeastern VA‐$163,283 6
Community Organization Grants (COG)•Encourages non‐profit agencies to provide services that affect the quality of life of residents •Awarded organizations must submit financial and service delivery reports•Only non‐profit organizations are eligible•Funding must serve only Virginia Beach residents•Organizations must apply annually for grant funding•Funded at $498,966 for FY 2024‐25, a decrease of $208,994 from prior year7
FY 2023‐24 COG AwardsAward Organization$ 50,000 Foodbank of Southeastern Virginia and the Eastern Shore$ 50,000 Jewish Family Service of Tidewater, Inc.$ 30,000 Legal Aid Society of Eastern Virginia, Inc.$ 7,960 The River Ellis Foundation$ 50,000 Trails of Purpose$ 65,000 YWCA of South Hampton Roads$ 40,000 Armed Services YMCA of Hampton Roads$ 25,000 Boys and Girls Clubs of Southeast Virginia$ 10,000 Chesapeake Care INC$ 25,000 Endependence Center INC$ 10,000 Horizons Hampton Roads$ 75,000 Judeo‐Christian Outreach Center$ 15,000 Latinos in Virginia Empowerment Center$ 60,000 PIN Ministry$ 5,000 Samaritan House$ 30,000 Seton Youth Services$ 75,000 Senior Services of Southeastern Virginia$ 40,000 Stand Up for Kids$ 20,000 Together We Can Foundation$ 25,000 YMCA of South Hampton Roads$ 707,960 Total8
FY 2023‐24 Elderly and Disabled Tax ReliefTax ReliefEnrolledExemptionThreshold$12,350,7554,265100%$0‐$56k531,03820280%$56k‐$60k382,40919360%$61k‐$65k170,93512940%$66k‐$69k42,3596620%$70k‐$74k763,472 262Freeze$96k$14,240,9685,117Total•Since 1973 Virginia Beach has provided tax relief options•Since 2011, local governments have been granted authority to determine all financial eligibility standards•Per recommendation by 2015 Task Force, thresholds adjusted by average percentage increase in single family home•Example: current Tax Freeze $96,405 increased by 6.12% to $102,305 for FY 2024‐259
Annual Adjustments and BenchmarkExemptionThreshold100%$0‐$59k80%$60k‐$64k60%$65k‐$69k40%$70k‐$74k20%$75k‐$78kFreeze$102kSuffolkPortsmouthNewport NewsNorfolkHamptonChesapeakeVirginia Beach$ 56,391 $ 21,000 $ 25,000 $ 28,611 ‐$ 22,000 $ 59,837 Max Income for 100% Relief$ 73,740 $ 30,000 $ 25,000 $ 67,000 ‐$ 62,000 $ 78,408 Max Income for Tiered ReliefYes No No Yes ‐No No Home Value Cap‐$ 50,000 ‐‐$ 62,000 ‐$ 102,305 Max income for Freeze$ 330,497$75,000 ‐$175,000$10,000‐$200,000$ 350,000$200,000$ 350,000$ 350,000 *Max Financial AssetsNoNoYesYesYesNoNoDeferral Program*excludes dwelling & no more than 10 acres of property10
Questions & Discussion11