- 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|
Operating budget directions distributed to department heads
|January 17||Present budget calendar to Board|
|January 17||Public budget input through Let's Talk FV|
|January 31||Town revenue and expense year-end estimates and FY 2024 projections due|
|February 9 - February 11||Town Board retreat|
|February 17||Last day to input department operating budgets|
|February 21||Pre-budget public hearing by Town Board|
|March 6 - March 31||Budget meetings with Town Manager|
|April 17||Town Board draft budget review/work session|
|May 1||Manager's recommendation to the Town Board|
|May 16||Budget public hearing by Town Board|
|June 5||Budget 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.
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.
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.
This document includes the Adopted Fee Schedule for FY 2023
Five Year Plan
This document includes the five-year plan for FY 2023-2027