Maximizes County resources by identifying cost saving measures and making improvements to the budget process while developing and monitoring the County's annual operating and capital budgets and five-year financial plan.
Organizations Requesting County Contributions - Click Here
Quick Facts about Hanover County's Budget
- General Fund Budget for FY13 is $ 208.5 million, a 1.7% decrease from the prior year.
- Total Budget of all funds for FY13 is $ 367.9 million, a 1.7% decrease from the prior year.
- School Operating Budgetfor FY13 is $ 181 million. This is a 0.6% decrease from the prior year.
- The FY13 Budget includes 1,043.7 County full-time equivalent (FTE) employees. The Schools full-time equivalent (FTE) employees for FY13 total 2,461.6.
- Major sources of General Fund Revenue for FY13 are:
- Real Property Tax $ 91.2 million, a 5.8% decrease
- Personal Property Taxes $22.6 million, a 3.1% increase
- Sales Tax $17.1 million, a 0.4% increase
- State and Federal Revenues $30.2 million, a 5.6% decrease
- Major General Fund Expenditures are:
- Education ($ 91,841,500; 44.1%)
- Public Safety ($ 47,236,471; 22.7%)
- Human Services ($ 23,207,682; 11.1%)
- Tax rates (per $100 assessed value) for CY12 are:
- Real Property $0.81
- Personal Property $3.57
- Machinery & Tools (10% of cost) $3.57
- Merchant’s Capital (10% of market value) $1.90
- The FY13 capital budget for County and School projects is $ 7.8 million.
- Hanover County’s estimated population for 2012 is 101,586.
- Hanover County’s estimated school enrollment for September 2012 is 18,125.
- Number of schools:
- 15 elementary schools
- 4 middle schools
- 4 high schools
- 1 alternative and adult education school
- 1 career and technical center
- As of January 1, 2012, the median new home sales price in Hanover County is $269,000.
- Hanover County’s Municipal Bond Ratings are:
- Fitch AAA
- S&P AAA
- Moody’s AAA
Title 15.2 of the Virginia Code prescribes budget development for Virginia localities
All requests for contributions to organizations must be received by the Finance Department, no later than November 15th of each year for consideration to receive funding that following July. Organizations should detail the services provided to Hanover County residents, indicate an approximate number of residents served, and give an estimated value of those services.
The Finance Department will be performing a review of all requests to ensure that recipients are eligible based on the Code of Virginia, Section 15.2-953. While the County will be performing a review for eligibility, it is expected that every organization submitting a request has also ensured that they are eligible to receive a contribution from Hanover County.
Recommended funding amounts will be included in the County Administratorís Proposed Budget that is released in late February. The public hearing on the budget is held in late March and budget adoption is in early April.
All budget requests must be submitted electronically to Contributions@hanovercounty.gov