The Finance Department monitors/oversees budgetary compliance throughout the year in accordance with GS 159, the Local Government Budget and Fiscal Control Act.
FY 2024 - 2025 Budget Development
The Town of Fuquay-Varina is currently developing the Fiscal Year 2025 Budget (July 1, 2024 - June 30, 2025) and the Capital Investment Plan, a long-range plan to identify major projects.
The Town is accepting public input on budget priorities at Let's Talk Fuquay-Varina through February 20, 2024.
|Budget Work Schedule
|Operating budget directions distributed to department heads
|January 12 - February 20
|Public budget input through Let's Talk FV
|Present budget calendar to Town Board
|Town revenue and expense year-end estimates and FY 2025 projections due
|February 8 - 10
|Town Board retreat
|Last day to input departmental operating budgets
|Pre-budget public hearing by Town Board
|Town Board budget input
|March 4 - 29
|Budget meetings with Town Manager
|Town Board draft budget review/work session
|Manager's recommendation to the Town Board
|Budget public hearing by Town Board
|Budget adoption by Town Board
|FY 2025 begins
FY 2023 - 2024 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 1, 2023, and a public hearing was held on May 16, 2023. The Town Board adopted the FY 2024 Budget on June 5, 2023. It is effective July 1, 2023 - June 30, 2024.
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 2024
Five Year Plan
This document includes the five-year plan for FY 2023-2027
Since 2022, the Town has received the Distinguished Budget Presentation Award from the Government Finance Officers Association, the highest form of recognition in governmental budgeting.