Budget Information

The Finance Department monitors/oversees budgetary compliance throughout the year in accordance with GS 159 The Local Government Budget and Fiscal Control Act.

FY 2023-2024 public budget engagement is open!

The Town of Fuquay-Varina is currently developing the Fiscal Year 2024 Budget (July 1, 2023-June 30, 2024) and the Capital Investment Plan, a long-range plan to identify major projects.

Public input is encouraged through the Let's Talk FV platform. Visit letstalkfv.org/fy-2024-budget-engagement to provide feedback through February 21, 2023..

Budget Work Schedule
December 19

Operating budget directions distributed to department heads

January 17Present budget calendar to Board
January 17Public budget input through Let's Talk FV
January 31Town revenue and expense year-end estimates and FY 2024 projections due
February 9 - February 11Town Board retreat
February 17Last day to input department operating budgets
February 21Pre-budget public hearing by Town Board
March 6 - March 31Budget meetings with Town Manager
April 17Town Board draft budget review/work session
May 1Manager's recommendation to the Town Board
May 16Budget public hearing by Town Board
June 5Budget adoption by Town Board

Draft Water and Sewer System Development Fee Study

Stantec conducted a Water and Wastewater System Development Fee Study for the Town of Fuquay-Varina. This report summarizes the analysis for the review and development of the Town's water and wastewater system development fees. 

This report will be available for review over the next 45 days to allow the public to review and submit written comments, which will be considered by the preparer of the analysis for possible modifications or revisions.

The Town will hold a public hearing on the Town's Water and Wastewater System Development Fees on May 16, 2023, at the John W. Byrne Municipal Building at 7 pm. The board will adopt the FY 2023 -2024 Fee Schedule to include the updated Water and Wastewater System Development Fees on June 5, 2023 if the analysis is adopted. 

If you have comments or questions, please contact Michael Wagner.

Draft Water and Sewer System Development Fee Study

FY 2022-2023 Adopted Budget Information

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.

Adopted Budget
This is the Town's first budget document to incorporate all Government Finance Officers Association (GFOA) best practices for state and local transparency in budgeting. These criteria have been developed based on GFOA best practices for budget documents that excel as a policy document, financial plan, operations guide, and communications tools. 

The document includes information on the Town's strategic goals and priorities, budget process, long-term financial planning, financial policies, debt and capital programs, department goals and objectives, and performance measures. The budget document identifies not only the services to be provided and funding needed to provide those services but the rationale behind budget decisions so that any resident or reader can better understand the Town's finances and their Town government.

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

Budget Ordinance

FY23 General Fund Expense Graph