BUDGET BRIEFA Citizen’s Guide to the Fiscal Year 2015 General Fund Budget

IN

City of Winchester, Virginia2

IntroductionThe City’s FundsThe accounts of the City are organized into funds. A fund is a group of related accounts used to control money that has been earmarked for specifi c activities or objectives. By keeping revenue in its appropriate funds, the City is able to obey laws that require certain money to be spent on specifi c uses. That means the City may not raise water bills to pay for police services, for example. Of the City’s adopted budget, most of the big spending decisions occur within the City’s general fund.

General FundThe fund where the City has the most discretion is the General Fund. The two major sources of funding for the General Fund are general property taxes and other local taxes combined. These two sources make up 81.14% of the General Fund budget.

Capital Improvement Plan (CIP)Every year, the City adopts a plan for capital improvements for the next fi ve years. Capital improvements include projects such as street construction, public buildings, traffi c systems, park improvements, sewers, water infrastructure, etc. Capital projects tend to be costly, so the City issues bonds to help cover the cost. The City uses the cash received from bond sales to pay for capital projects, and repays investors over time at tax exempt interest rates determined by competitive bids received at the time the bonds were issued. This process is similar to a homeowner taking out a home improvement loan to complete a major home repair project.

Bond RatingsThe City’s bonds receive Aa2 from Moody’s and AAA from Standard & Poor’s, which is the highest rate possible. The ratings represent the strength of the City’s credit and thus the safety of investing in City bonds. The City’s top bond ratings refl ect the sound fi nancial management of the City and allow the City to borrow money from investors at low interest rates.

Fiscal Year

The City operates on a fi scal year (July 1 - June 30) instead of a calendar year (January - December).

Budget in Brief

INDEXCity Council ................................. 3 Average Property Tax Bills ........ 8 Council Goals .............................. 4 Sales Tax Collection ................. 9Budget in Brief ............................. 5 Your Tax Dollar at Work .......... 10General Fund Revenue ............... 6 Budget Calendar ..................... 11General Fund Expenditures ........ 7

K

K

K

K

K

K

First Ward

Second Ward

Fourth Ward

Third Ward

FirstChristian

Church

Virginia AveElementary

School

WarMemorial Building

FrederickDouglass

Elementary School

ChristEpiscopalChurch

VictoryChurch

Ope

quon

Ave

Mum

mer

tC

ir

Fox

Dr O

ld F

ort R

d

S Ke

nt S

t

N P

urce

llAv

e

Snyder Ln

Penn

sylv

ania

Ave

Kathy Ct

Butle

rAv

e

N K

ent S

t

Fort

Col

lier R

d

Bake

r Ln Atw

ell

Ave

Ros

s St

Brooke Rd

Woodstock Ln

E Boscawen St

YorkAve

Parkview Ave

Bellview

Ave

Fron

tage

Rd

Win

dwoo

d Dr

Mea

dow

Ct

Mea

dow

Bra

nch

Ave

Tenn

yson

Ave

S St

ewar

t St

E Cork St

Bran

ner A

ve

N K

ent S

t

Hosp

ital

Rd

N L

oudo

un S

t

W North Ave

Mea

dow

Bra

nch

Ave

I 81

S

HarrisAly

W Gerrard St

Kern St

PatsyCline Blvd

WadeMiller Dr

Lafa

yette

Pl

Kevin

Ct

Rosser Ln

Millwood Ave

Ram

seur Ln

Acad

emy

Ln

E Tevis St

Elk St

W Bond St

Bre

ckin

ridge

Ln

Battl

e Av

e

Haw

thor

neD

r

Kern St

Richards

Ave

Treetops Ln

ArmourDale

Battle

Ave

Westm

inster

Canterbury Dr

Dodg

e Av

e

Meadow Ct

Millw

oodAve

Franklin St

Lake Dr

Legge

Blvd

Hillside

Terr

Shaw

nee

Ave

Lewis

St

Valle

yAv

e

VirginiaAve

Shawnee Dr

Mol

den

Dr

HawthorneDr

E Fairfax Ln

W Cedarmeade Ave

Ston

emill

Ct

E Cork St

Hospital Rd

Rodes

Cir

Van

Foss

en S

t

Apple

St

W Clifford St Wal

nut S

t

VirginiaAve

Hills

ide

Terr

Papermill R

d

Thom

as C

t

Nes

ter D

r

S St

ewar

t St

Rifl

emen

Ln

Cre

scen

tD

r

Prince

ss

Ct

Opequon

Ct

Moffett Dr

Dalton Pl

BrandonPl

Bra

nner

Cir

DullesCir

Plaz

a D

r

John

ston

Ct

Tow

erAv

e

Cla

yton

Rid

ge D

r

Hills

ide

Terr

Circle Dr

Spring

House Ct

LongviewAve

Mon

tagu

eCi

r

Clayton

Ridge D

r

Gar

den

Ct

Crystal C

t

Het

h Pl

Eagle Pl

Pritchard's

Hill C

t

MedicalC

ir

Lann

yCi

r

East

St

Butler Ave

PrinceG

eorge Pl

FranklinSt

I 81 S

MallRd

Ridg

etop

Ct

S L

oudo

un S

t

Pemberton Dr

Beau St

Wheatl

y Ln

Wood C

ir

Mal

lR

d

East

St

Ced

arC

ir

Frem

ont S

t

Wes

t St

Beeh

iveW

ay

Hig

hlan

d Av

e

ElkSt

S Ke

nt S

t

Ston

eHo

use

Ct

TaylorGrace Ct

E Pall Mall St

Strothers Ln

Har

vest

Dr

Hen

ry A

ve

Mol

den

Dr

Har

rison

St

Chr

isto

pher

Dr

Gor

don

Pl

Kern St

Mer

riman

s Ln

Castlem

an

Dr

Wes

tLn

Mah

one

Dr

Glen

Lea Ct

TaftAve

Conway St

OakDr

Miller St

Allen Dr

MeadowCt

Sprin

gHo

use

Ct

BarrAve

Heth Pl

FrederickAve

Brenda

Ct

KennedyDr

StoneridgeR

d

E Southwerk St

W Piccadilly St

Spru

ce S

t

Melvor Ln

I 81

S

SummerfieldLn

Eagle Dr

Jigsaw Pl

Amherst St

Clark St

Campus

Blvd

Smithfie

ldAv

e

Lee

St

Cassidy Ct

RaceSt

RaceSt

W Boscawen St

RoussAve

CatherAve

Amherst St

WadeMiller Dr

Cam

pus

Blvd

Taylor Dr

Jone

sSt

WolfeSt

W Hart St

Joist Hite Pl

N Braddoc

k St

Mahon

e Dr

York

town

e Pl

Lambden Ave

DullesCir

Spen

cer S

q

E Wyck St

Wind

er C

t

Mal

l Rd

Orchard Ave

Buckner Dr

BurtonAve

Hen

ryAv

e

Millwood

Ave

W Fairfax Ln

Hollingsworth Dr

Woodstock Ln

Mas

ters

Ln

LongviewAve

Avon Ct

N Braddo

ck St

Tow

erAv

e

MilroyCt

Beau St

Wentworth Dr

Armistead St

Cass

idy

Ct

Stone

Meadow Ct

Sterling Dr

StonewallAve

LibertyAveGreen St

Vanc

erig

htAv

e

Han

dley

Ave

W Leicester ST

AmherstSt

Lee

St

Commercial St

N In

dian

AlyMor

gan

St

Hand

ley

Ave

CrystalCt

N B

radd

ock

St

S C

amer

on S

t

S Ke

nt S

t

N K

ent S

t

Hollingsworth Dr

Amherst StAmherst St

OrchardHill Dr

Hollingsworth Pl

RodesC

ir

I 81 S

Pine

St

FrederickAve

Linc

oln

St

Beau St

Blue

Rid

ge T

err

WaylandDr

Wharton

Cir

S Br

addo

ck S

t

Middle Rd

Om

ps Dr

Mea

dow

Bran

ch A

ve

S Br

addo

ck S

t

National Ave

Rosse

rLn

S C

amer

on S

t

Woodstock Ln

Broo

kdal

e C

t

S C

amer

on S

t

QuartziteCir

L.P.

Hill

Dr

S Ke

nt S

tS

Kent

St

Fairv

iew

Ave

Grove St

FrederickAve

Shenandoah Pl

CleburneLn

Han

dley

Ave

National Ave

Rob

erts

St

S W

ashi

ngto

n St

S In

dian

Aly

ColstonPl

Russelcroft R

d

CrestviewTerr

Randolph Pl

S Br

addo

ck S

t

Garden

Ct

Han

dley

Ave

WestView Ln

S C

amer

on S

t

Seldon Dr

BeehiveWay

S Br

addo

ck S

t

Nester

Dr

CrestviewTerr

N E

ast L

n

Bran

don

Dr

E Cork St

Alls

ton

Cir

W NorthAve

Ston

erid

ge R

d

Mol

den

Dr

S Plea

sant

Valle

y Rd

Grove St

S Plea

sant

Valle

y Rd

CrestviewTerr

Elm

St

Broadv

iew S

t

PleasantValley R

d

BeehiveWay

WhittierAve

Loya

lty C

t

WestView Ln

Mal

l Rd

Brad

ford

Ct

Low

ry D

r

E OatesAve

CrismanAve

WoodlandAve

Isaac St

BellviewAve

Fairv

iew

Ave

Van C

ouve

r St

Green St

Sterling Dr

W James St

Handley

Ave

Philpot St

Orc

hard

Ave

Kershaw

Ln

Whittier Ave

Breckinridge Ln

Sorre

ll Ct

Pondview Dr

W Monmouth St

E Cork St

Harris Aly

E Leicester St

Amherst St

Stoneg

ate D

r

Colston Pl

VirginiaAve

Bittersweet

Ct

South St

DarrviewStW

est L

n

Sterling Dr

Limestone

Ct

WentworthDr

Scott St

FortBraddock Ct

Green St

Caroline St

Alle

n D

r

N K

ent S

t

Oakw

ood

Ct

Service Rd

Woo

d A

ve

Eagle Pl

Bruce St

Mahone Dr

E Leicester St

I 81

N

Pepp

ertre

eLn

W Cork St

Tilg

hman

Ln

Hope Dr

S W

ashi

ngto

n St

StonewallAve

S Br

addo

ck S

t

Caroline St

S In

dian

Aly

Whittier Ave

Med

ical

Cir

N P

arris

h Ln

Sheffield

Ct

Seldon Dr

Holiday Dr

N S

tew

art S

t

Magruder

Ct

W Cecil St

Elm

St

Hastings St

LibertyAve

Wal

nut S

t

Caroline St

WestView Ln

Map

le S

t

Scott St

E James St

Appl

eBl

osso

m D

r

Che

stnu

t St

Che

stnu

t St

Millwood

Ave

Bark

sdal

eLn

Supe

rior A

ve

E Piccadilly St

Millw

ood

Ave

S Eu

clid

Ave

Sorrell Ct

Valley Ave

Cedar

Creek

Grade

Dan

iel

Terr

AcademyCir

Mof

fett

Dr

Ashb

urn

St

National Ave

Valle

y Av

e

BellviewAve

Spring St

Berryville Ave

Mall Rd

Libr

ary

Ln

Conway St

N B

radd

ock

St

E Boscawen St

Har

rison

St

Sharp St

Bruce St

Pape

rmill

Rd

N P

leas

ant V

alle

y R

d

Atw

ell

Ave

E Hart St

E Cork St

E Clifford St

E Cecil St

E Leicester St

Baker St

BillingsAly

E Bond St

E Monmouth St

E James St

CommercialSt

W Fairfax Ln

E Gerrard St

E Southwerk St

Wayne D

r

E PallMall St

BurtonAve

Cam

pusBlvd

W PallMall St

Kim

berly

Way

W Germain St

W Monmouth St

Map

le S

t

E Bond St

W Leicester St

E Germain St

Peyton St

E Piccadilly St

Gibbens St

Caroline St

W North Ave

W Cecil St

E Germain St

BerryvilleAve

W Clifford St

Wolfe St

Baker St

E Gerrard St

W Cork St

W Monmouth St

W Leicester St

W Cork St

W Clifford St

E Fairfax Ln

W Cecil St

W Germain St

E PallMall St

Wolfe St

W Piccadilly St

W Pall Mall St

E Fairfax Ln

HandleyBlvd

Kern

stown

Ct

E Clifford St

E Piccadilly St

E Cork St

E Cecil St

E Boscawen St

Keating D

r

E NorthAve

Rockland Dr

Dal

ton

Pl

Jefferson St

Elm

St

Com

mer

ce S

t

Mosby St

W Hart St

Campus

Blvd

Summit Ave

Rob

erts

St

W Cecil St

TaftAve

W Leicester St

Douglas St

W Monmouth St

Mas

sanu

tten

Terr

W Germain St

Hawthorne Dr

W Tevis St

Ciderm

ill Ln

E WhitlockAve

S Br

addo

ck S

t

Bellview Ave

W WhitlockAveMelvor Ln

Plaz

a Dr

Rob

ynTe

rr

W Tevis St

Weems Ln

Nester

Dr

Taft

Cir

S Ea

st L

n

Appleseed Ct

Wind

wood D

r

W Wyck St

Allen Dr

Pritchard's

Hill Ct

MontagueAve

Mall Rd

Green St

Mal

l Rd

Wentworth Dr

N B

radd

ock

St

N W

ashi

ngto

n St

Valle

y Ave

Green St

Shirl

ey S

t

Reaves S

t

Battery Dr

Kinzel Dr

Selm

a D

r

Ohio

Ave

Judy Dr

RalphShockey Dr

Millwood

Ave

Adams Dr

Adams Dr

BellviewAve

Virginia Ave

Pack

er S

t

Charles St

Fox

Dr

Maple

Dr

Valle

y Av

e

N Loud

oun S

t

Valle

y Ave

Fairv

iew

Ave

TaftAve

Brookfield Dr

Morningside Dr

Patterson Ave

Stonehenge Rd

Kern

Ln

I 81

S

Hillman Dr

L.P.

Hill

Dr

Sully Ct

Lann

y D

r

Ivy S

t

Bruce Dr

N P

leas

ant

Valle

y R

d

Crescent Dr

Hig

hlan

dAv

e

Athe

y Ln

Cla

yton

Rid

ge D

r

N P

leas

ant

Valle

y R

d

Smith

field

Ave

N E

uclid

Ave

FrederickAve

Cou

rtfie

ldAv

e

E JubalEarly Dr

Russ

elcr

oft R

d

E Jubal Early Dr

Gra

yAv

e

Map

le S

tChe

stnu

t St

Smith

field

Ave

Hos

pita

l Rd

Marion St

S Ke

nt S

t

L.P.

Hill

Dr

Boyd

Ave

Castleman Dr

BattlePark Dr

Wentworth Dr

Wha

rton

Cir

W WhitlockAve

Smith

field

Ave

Haw

thor

ne D

r

S Pl

easa

ntVa

lley

Rd

Kent

Cir

Ral

eigh

Ct

N C

amer

on S

t

S Pl

easa

nt V

alley

Rd

Bruce St

Papermill R

d

Cornerstone Cr

Butle

rAv

e

N C

amer

on S

t

Peppertree Ln

N P

leas

ant

Valle

y R

d

Johnston Ct

Mol

den

Dr

JacksonAve

Hig

hlan

dAv

e

Wes

t Ln

Peyton St

Cha

se S

t

Sher

lock

Ter

S Ea

st L

n

W NorthAve

Ricketts Dr

Knig

hts

Hill

Aly

Jackson Ave

Hos

pita

l Rd

Wingate Dr

Treys Dr

Monticello St

LocustAve

Butle

r Ave

Briarmont Dr

Valo

r Dr

University Dr

Wils

on B

lvd

S Eu

clid

Ave

Featherbed Ln

Circle Dr

Harris Aly

Harvest

Dr

Bellv

iew

Ave

Fox

Dr

PinOak Ln

Gle

nLe

a C

t

S Lo

udou

n St

Roberts St

Montague

Cir

Rt 3

7 N

Harris Aly

Hon

eysu

ckle

Ln

Lann

y D

r

I 81 S

I 81

S

Harper Dr

MontagueAve

Dun

lap

St

Royal St

Golden

field

Ln

Ew

ell S

t

Handley Ave

First St

Nov

ick

Aly

S Pu

rcel

lAv

e

Baldw

in St

Miller St

Beec

hcro

ft R

d

N B

radd

ock

St

Shaw

nee

Ave

Sheridan Ave

Westside

Station Dr

E Cedarmeade Ave

Valo

r Dr

N In

dian

Aly

W Cecil St

Chelsea Dr

W Leicester St

Woodberry Ln

Hoc

kman

Ave

Shen

ando

ahAv

e

RooseveltBlvd

Shaw

nee

Ave

Lowr

y D

r

Glaize Ave

Park

way

St

W Jubal Early Dr

Rt 37 N

Glaize Ave

E Tevis St

Dun

lap

St

Mosby St

Gre

ysto

ne T

err

I 81 S

Woodstock Ln

Saratoga Dr

Ros

zel R

d

Abra

ms C

reek

Dr

Jolley Ln

Wind

wood D

r

Hillc

rest

Aly

E Tevis St

HandleyBlvd

E Piccadilly St

W Oates Ave

Weems Ln

Ston

elei

gh D

r

Riflemen

Ln

Wat

son A

ve

Park

way

St

I 81

S

Shen

ando

ahAv

e

Roo

seve

ltBl

vd

Haw

thor

ne D

r

Beechcroft Rd

Whi

tacr

e St

Ston

erid

ge R

d

University Dr

Fairm

ont A

ve

War Memorial Dr

Fox

Dr

Wal

ker S

tM

ario

n S

t

Buckner Dr

Geo

rge

St

Imperial St

Oak Dr

N B

radd

ock

St

Trey

s D

r

Packe

r St

Kennedy Dr

Rid

geAv

e

Van

Foss

en S

t

Woo

d Av

e

Hospital Rd

Mal

l Rd

Athe

y Ln

S Pl

easa

ntVa

lley

Rd

Bridge

forth

Dr

Haw

thor

ne D

r

W Whitlock Ave

Allis

on A

ve

Seco

nd S

t

Grac

e St

Myr

tle A

ve

Kinzel Dr

Jefferson St

W Jubal Early Dr

Cam

pus

Blvd

Mall Rd

NorthSector Ct

E Jubal Early DrE JubalEarly Dr

Lind

en D

r

S Pl

easa

nt V

alle

y R

d

Battaile Dr

MerrimansPrecinct

VirginiaAvenuePrecinct

WarMemorialPrecinct

Old TownPrecinct

RollingHills

Precinct

FrederickDouglassPrecinct

voting wards & precinctsWinchester, Virginia

July 2011

r

Legend

K Poll Locations

Precincts

Frederick Douglass Precinct

Merrimans Precinct

Old Town Precinct

Rolling Hills Precinct

Virginia Avenue Precinct

War Memorial Precinct

Ward Boundaries

Edge of Road

0 3,0001,500 Feet

FO

UR

TH

WA

RD

TH

IRD

WA

RD

SE

CO

ND

WA

RD

FIR

ST

WA

RD

FY 2015 Approved Budget 3

City Council

FIRST WARDJeff BuettnerElected 1998

Les VeachElected 2008

AT-L

AR

GE

Evan ClarkElected 2006

John HillElected 2008

Corey SullivanAppointed 2014

Milt McInturffElected 2008

John WillinghamElected 2008

John TagnesiElected 2010

Elizabeth MinorElected 1980

Elected Mayor 2004

Mayor

Vice-President

President

SECOND WARD

THIRD WARD

FOURTH WARD

Vice-Mayor

www.winchesterva.gov4

City Council FY 2015 GoalsCity Council’s Goals

Annually, the City of Winchester engages in strategic planning to determine City-wide goals and strategic directions. In 2013, the Mayor and City Council articulated four goals to be accomplished in 2014-2015. These goals guide the elected offi cials during the budget process as they decide how to commit the City’s resources.

GOALS

MISSION

VISION2028

• The City of Winchester is a beautiful, historic city and a hometown for families.

• Winchester has a vibrant downtown, a growing economy, great neighborhoods with a range of housing choices, and easy

movement.

To be a fi nancially sound city providing top quality municipal services while focusing on the customer and

engaging our community.

• Grow the economy• Create a more livable city for all

• Develop a high performing organization• Continue revitalization of Historic Old Town

Budget in BriefCapital Improvement Projects (CIP): Other Budget Highlights:1. Carried Forward from FY14 (Bond Proceeds) • John Kerr Elementary School $20,000,000 • Public Safety Communications Project 5,000,0002. Carried Forward from FY14 (Fund Balance) • Park Athletic Field Improvements 185,000 • Green Circle Trail 200,0003. FY15 Additional (Fund Balance) • National Avenue Gateway Project 700,000 • Hope Drive Extension 150,000 • Entryway Welcome Signs 50,000 • Traffi c Syncronization 250,000 • Meadow Branch Extension 350,000 • Sidewalks (Master Plan) 550,000 • Paving (Master Plan) 400,000 • City Hall Brick Repairs 300,000 • War Memorial Building Brick Repairs 150,000

Total FY15 CIP Projects $28,285,000

ALL FUNDS FY14 Adopted Budget

FY15Adopted Budget

FY15Incr/(Decr)

General $80,000,000 $82,067,000 $2,067,000 Human Services 7,242,000 7,231,000 (11,000) Highway Maintenance 4,570,000 5,326,000 756,000 Transit 1,640,000 1,275,000 (365,000) EMS 970,000 1,018,000 48,000 Tourism 252,000 272,000 20,000 Law Library 50,000 50,000 0 Parking Authority 2,145,000 2,127,000 (18,000) Capital Improvement 19,690,000 19,055,000 635,000 Utilities Operating 20,689,000 20,720,000 31,000 Utilities Capital Improvement 185,000 425,000 240,000 Employees Benefi ts 4,338,000 673,000 (3,665,000) Equipment 1,450,000 1,460,000 10,000 Other Post Employment 477,000 459,000 (18,000) NW Regional Jail Authority Capital 1,075,000 1,064,000 (11,000) Frederick-Winchester Service Authority 4,258,000 4,379,000 121,000 Juvenile Detention 2,644,000 2,707,000 63,000 School 56,420,186 59,471,268 3,051,082 Total $208,095,186 $209,779,268 1,684,082

FY 2015 Approved Budget 5

1. New Positions Added • Admin. Assistant I (Finance/HR) • Secretary (Commonwealth Attorney’s Offi ce) • Two Firefi ghters • Emergency Management Tech. • Maintenance Tech I (Parks & Recreation)2. Strategic Plan Items Funded • National Historic District Revisions $9,000 • Parks & Recreation Needs Assessment 35,000 • Enterprise Zone Incentives 100,000 • Succession Plan/Org. Study 80,000 • Leadership Training 13,000 • Class/Compensation Study 47,000

www.winchesterva.gov6

General Fund Revenue

Total General Fund Revenue: $82,067,000General Property Taxes $37,632,000 45.8%Other Local Taxes 28,953,000 35.2%Fees, Fines & Permits 424,400 0.5%Charges for Services 1,348,000 1.6%Interest & Misc. Revenue 2,059,500 2.5%State Aid 5,920,100 7.2%Federal Aid 358,000 0.4%Transfers & Reserves 5,372,000 6.5%

Total $82,067,000 100.0%

Other Local Taxes:

State Sales Tax $8,607,000Utility 1,910,000Business Licenses 5,909,000Franchise 780,000 Decals 602,400Cigarettes 812,600Admissions 141,000 Meals 6,921,000Motel 831,000Short Term Rental 8,000Communications Tax 2,200,000Other 231,000

Total $28,953,000

General Property Taxes:

Real Estate $27,459,500Personal Property 8,102,500Machinery & Tools 2,070,000

Total $37,632,000

FY 2015 Approved Budget 7

General Fund Expenditures

Total General Fund Expenditures: $82,067,000General Government Administration $ 5,625,545 6.9%Judicial Administration 3,179,600 3.9%Public Safety 19,073,296 23.2%Public Works 7,672,500 9.3%Health & Welfare 3,179,065 3.9%Education 27,820,518 33.9%Parks, Recreation, Cultural 3,276,654 4.0%Community Development 1,890,372 2.3%Debt Service-City 2,232,650 2.7%Debt Service-Schools 8,116,800 9.9%

Total $82,067,000 100.0%

General FundBalanceFY 2008 $26,842,432FY 2009 20,577,901FY 2010 17,267,157FY 2011 20,986,321FY 2012 22,339,898FY 2013 22,190,771

Projected FY 2014 $20,745,771

Revenue/Expediture Summary

$77,000,000

$76,000,000

$75,000,000

$74,000,000

$73,000,000

$72,000,000

$71,000,000

$70,000,000

$69,000,000

$68,000,000

$67,000,000

$66,000,000FY11 FY12 FY13

Revenue

Expenses

www.winchesterva.gov8

Average Property Tax Bills

$1,285

$2,475

$1,271

Winchester

Lynchburg

Charlottesville

Harrisonburg

Staunton

$0 $500 $1,000 $1,500 $2,000 $2,500

$1,703

46%Percentage of general fund revenue from property tax

$1,504

FY 2015 Approved Budget 9

City Sales Tax Collection ComparisonIn Virginia, all consumers are charged 5.3% (as of July 1, 2014) and the City receives 1% back from purchases in the City of Winchester.

Winchester $ 8,718,682 Charlottesville $ 9,901,299 Fredericksburg 10,840,598 Harrisonburg 11,450,969Manassas 7,811,499 Staunton 3,729,202 Williamsburg 4,494,328 Fairfax City 10,263,955

Figures correct as of 6/30/13

Percentage of general fund revenue provided by sales tax10.5%

$12,000,000

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

$0

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FY 2015 Approved Budget 11

October Budget discussions begin with the City manager’s directional meeting to Department heads for the upcoming fi scal year.

November Contribution request packages are distributed to outside agencies

December Deadline for agencies to submit contribution requests

February Finance department submits budget to City Manager for review City Manager reviews budgets with Department Directors

March City Manager reviews budget items with City Council

April City Manager submits the proposed budget along with his budget message to City Council

May Advertisement submitted to newspaper for fi nal budget hearing

June Council Adopts budget and Capital Improvement (CIP) plan

July Budget and CIP printed and distributed

Budget Calendar

Comprehensive Annual

FINANCIAL REPORT

City of Winches ter, Virginia

Fiscal Year Ending June 30, 2011

Contact UsCity of Winchester Finance Department winchesterva.gov/fi nance15 North Cameron StreetWinchester, VA 22601 (540) 667-1815

Comprehensive AnnualFINANCIAL REPORT

City of Winchester, VirginiaFiscal Year Ending June 30, 2013

Comprehensive Annual

FINANCIAL REPORT

City of Winchester, VirginiaFiscal Year Ending

June 30, 2012