Government budgets can be tough to understand, but now Warrenton, Virginia is providing the next generation of accessibility in financial information that allows citizens to view, engage with, and discuss.
BudgetA specific plan of operations for the fiscal year that states the expenditures required to meet that plan of operations, and identifies the revenue necessary to finance the plan. The annual Town budget is established (adopted) by the Town Council.
ExpenditureThe act of spending funds towards the transfer of property or services for the purpose of acquiring an asset or service, or for settling a loss.
Fiscal YearA 12-month period designated as the operating year for accounting and budgetary purposes. The Town’s fiscal year runs from July 1st to June 30th.
Non-DepartmentalNon-Departmental funds includes transfers to the capital improvement fund and annual debt service payments.
Operating ExpendituresThe cost for personnel, materials, and equipment required by a department in order to deliver services to the citizens of the Town.
Operating RevenueFunds that the government receives as income to pay for ongoing operations, including such items as taxes, fees from services, intergovernmental revenues, and grant revenues. Operating revenues are used to pay for day-to-day services.
RevenueIncome generated by taxes, notes, bonds, investments, income, land rental, fees, user charges, and federal and state grants.
The General FundThis fund accounts for all revenues and expenditures involved in daily operations of the Town that are not accounted for in other funds. The General Fund is the primary operating account of the Town. This fund accounts for most traditional local government programs such as police, public works, community development and parks and recreation. The General Fund also includes a transfer payment to the capital improvement fund.
GrowthIn the tablular view of this site "Growth" means increase over last fiscal year
ImpactThe total percent a particular category may have on the total budget revenue or expense