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HomeMy WebLinkAboutII. C. FY 2025- 26 RESOURCE MANAGEMENT PLAN ( BUDGET) 8. AGRICULTURE 4.29.2025PROPOSED FY 2025-26 OPERATING BUDGET City of Virginia Beach David Trimmer, Director Agriculture April 29, 2025 Department Organization Summary •Total FTEs •Total FTEs •Number of Divisions •Total FY 2024-25 Budget •Number of Divisions •Total FY 2024-25 Budget Total FTEs Number of Divisions Total FY 2025-26 Budget 9 4 $9,058,060 2 FY 2025-26 Programmatic Budget •Total FTEs •Total FTEs •Number of Divisions •Total FY 2024-25 Budget •Number of Divisions •Total FY 2024-25 Budget General Fund Operating, $1,082,362 , 12% ARP - Stormwater General Government Capital Project, $990,000 , 11% ARP - Parks & Recreation General Government Capital Project, $500,000 , 6% ARP - Existing Debt, $4,473,178 , 49% ARP - New Debt, $1,725,002 , 19% ARP General Operating, $287,518 , 3% 3 Department Operating Budget Summary – General Fund 4 Program FY2024-25 Amended FY 2024-25 FTE FY 2025-26 Proposed FY 2025-26 FTE Change ($)Change (%) General Operations $418,445 2.52 $380,998 2.40 ($37,447)(8.9%) Cooperative Extension $330,894 2.00 $330,774 2.00 ($120)0% Farmer’s Market $370,303 3.00 $370,590 3.00 287 0% Total $1,119,642 7.52 $1,082,362 7.40 ($37,280)(3.3%) Department Operating Budget Summary - ARP Program FY2024-25 Amended FY 2024-25 FTE FY 2025-26 Proposed FY 2025-26 FTE Change ($)Change (%) Parks & Recreation General Government Capital Projects $500,000 -$500,000 --- Stormwater General Government Capital Projects $990,000 -$990,000 --- Existing ARP Debt*$5,128,978 -$4,473,178 -($655,800)(12.79%) New ARP Debt $2,492,532 -$1,725,002 -($767,530)(30.79%) ARP Reserves for Future Use $172,639 -$7,677 -($164,962)(95.55%) General Operating Expenses $274,824 1.48 $279,841 1.60 $5,017 1.83% Total $9,558,973 1.48 $7,975,698 1.60 ($1,583,275)(16.56%) * Driven by the fluctuation of the Agricultural Reserve Program Principal Repayments. 5 Major Changes •Update of the Rural Community Coordinator Position Split •The cost of the Rural Community Coordinator position is currently being split at a rate of 67% General Fund and 33% ARP Fund. The proposed updated split of 55% General Fund and 45% ARP fund would more accurately reflect the workload of the position. •Adjustment of the ARP Dedication •The ARP dedication was established in 1995 at 1.5 cents of the real estate tax, with the goal of purchasing the development rights of an estimated 300 acres per year up to 20,000 acres total. Over time, as revenue per penny grew, the dedication grew with it. Several adjustments have been made since its inception, bringing it to 0.9 cents, 0.34 cents temporarily, and now the proposed 0.6 cents of the real estate tax. As of March 2025, 11,040 acres have been enrolled, and the ARP would still be projected to achieve its goal with the proposed adjustment. 6 Initiatives Underway and Conclusion •Agriculture is vital to providing food sources to local, regional, and global needs. •Agriculture products has estimated economic impact of $178.6 million in the Virginia Beach. •Agricultural Reserve Program (ARP) maintains agriculture as a viable industry in Virginia Beach by preserving the resource base for farming. •Agriculture helps to protect the environment and greenspace, mitigates and reduces flooding. •Agriculture promotes 4-H, Master Gardeners Volunteers, AG education, and Virginia Cooperative Extension programs of family, finance, nutrition and environmental. 7