Details for Proposed Budget Amendment Synopsis

Updated

DAMASCUS, VA PROPOSED BUDGET AMENDMENT SYNOPSIS FISCAL YEAR JULY 1, 2020-JUNE 30, 2021 - NOTICE OF PUBLIC HEARING - The Town Council of Damascus, VA will hold a public hearing for the purposes of public information and fiscal planning regarding the proposed Budget Amendment for Fiscal Year 2020-2021. The hearing will be held on October 5, 2020, at 7:05 p.m. at the Damascus Town Hall, and is open to the public. The public hearing is held pursuant to Section 15.2-2507 of the Code of Virginia, 1950, as amended, and is for the purpose of allowing the public to comment on the proposed budget amendment. All citizens have the right to attend the public hearing and to share their views on the proposed budget amendment. No changes are proposed for property tax levies for Damascus, VA for the 2020-2021 tax year. The proposed budget amendment is available at Town Hall for review. TOWN OF DAMASCUS BUDGET AMENDMENT SUMMARY REVENUE BUDGET Amendment* Sources 2020-2021 2020-2021* Lodging Tax $ 41,500.00 $ 41,500.00 Meals Tax $ 140,000.00 $ 140,000.00 Real Property Tax $ 207,950.00 $ 207,950.00 Personal Property/License Fees/ $ 33,000.00 $ 33,000.00 DMV Stop Fees/State Car Tax Refund Other Taxes $ 192,200.00 $ 192,200.00 Trail Days $ 60,000.00 $ 60,000.00 Downtown Revitalization/Trail Center $1,490,750.00 $1,490,750.00 Grants Reserves $ 298,413.00 $ 298,413.00 Miscellaneous Revenues $ 75,069.00 $ 109,295.83 TOTAL $2,538,882.00 $2,573,108.83 EXPENDITURES BUDGET Amendment* Activity 2020-2021 2020-2021* Administration $ 314,133.00 $ 348,359.83 Downtown Revitalization/Trail Center $1,565,750.00 $1,565,750.00 Grants Police $ 275,472.00 $ 275,472.00 Fire & Rescue $ 21,000.00 $ 21,000.00 Public Works $ 228,767.00 $ 228,767.00 Parks & Recreation $ 107,440.00 $ 107,440.00 Pool $ 26,320.00 $ 26,320.00 TOTAL $2,538,882.00 $2,573,108.83

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