The Finance Department monitors / oversees budgetary compliance throughout the year in accordance with GS 159 The Local Government Budget and Fiscal Control Act.
Adopted Budget Information (FY 2022-2023)
Building the Town of Fuquay-Varina's annual budget is a collaborative process between the public, departments, administration, and the Town Board. Town Manager Adam Mitchell presented the proposed operating budget to the Town Board and the public on May 2, 2022, and a public hearing was held on June 6, 2022. The Town Board adopted the FY 2023 Budget on June 6, 2022. It is effective July 1, 2022-June 30, 2023.
Highlights for the FY 2023 Budget
The tax rate included in the operating budget is $0.425 per $100 of assessed property value, including a $.03 increase per $100 of assessed property value. This rate increase has been in the 5-year plan for several years and will be used to pay for Fire Station #4.
The Manager's Recommended Budget advances strategic plan and voter-approved projects, including the Community Center North, numerous transportation projects, Fire Station #4, water and wastewater capacity, and quality of life initiatives.
The budget reflects a 9.9% increase in base and volumetric water and sewer rates. As a result, the combined monthly bill for an In-Town resident using 5,000 gallons of water will increase by $7.97 per month. The water/sewer town rate supports long-term investment in addressing water and wastewater capacity needs.
Adopted Budget This document includes the Town Manager's Adopted FY 2023 Budget Message, FY 2023 Budget Ordinance, FY 2023 Fee Schedule
Fee Schedule This document includes the Adopted Fee Schedule for FY 2023
Five Year Plan This document includes the five-year plan for FY 2023-2027