BEDFORD COUNTY BOARD OF SUPERVISORS AND THE ...

(2b) Mr. Hostutler stated that, due to the upcoming reversion, the Schools will have additional utilityand custodial expenses, while funding from the city will be eliminated. Frank Roger, Interim CountyAdministrator, distributed a handout with questions and challenges that the reversion will create in theCounty and School’s revenue and expenditures:REVENUESIn early 2013 county staff will present the Board of Supervisors with county revenueprojections for the coming fiscal year. This enables us to have six months of current data toinform our projections.In advance of those projections, it will be helpful for the Board to provide policy direction asto how you would like the draft budget documents prepared. Specifically staff would lookfor direction on the following points:o What is the Board’s philosophy as to County funding for education in the comingbudget?o The adopted Fiscal Year 2013 budget included $2.5 million in “one-time” funding forschools. These funds were taken from the County’s available fund balance. What isthe Board’s intent as to these funds moving forward?o The City funded a contribution to the school division. Does the County anticipateoffsetting that contribution with Town tax base revenues in the coming budget?o The County and School Division anticipate receipt of additional aid for education as aresult of reversion. Does the Board have any expectations as to the use of thosefunds?EXPENDITURESThere are certain known impacts on the expenditure side of the schools’ budget for FiscalYear 2014. These include, but are not limited to:o Loss of federal jobs (stimulus) fundingo Increased costs associated with VRSo Additional costs associated with the maintenance and custodial needs of facilitiespreviously maintained by the City (Bedford Elementary and Bedford Middle)QUESTIONS THAT REMAINWhat, if any, impact will sequestration have on federal funding?How will the reversion to Town status affect basic aid for education outside of the additionalfunds based upon the lower LCI?What will local revenues look like?What will costs associated with health care coverage do?Draft - Board of Supervisor’s Meeting MinutesDecember 4 th , 2012Page 3 of 7