On Tuesday I reported that Fairfax County Public Schools will probably receive a larger transfer. Fairfax County Board of Supervisors Chairman Sharon Bulova describes this decision in her monthly newsletter:
The first major item on our agenda was a public hearing, and then adoption of the County’s Carryover Review for the 2014 Fiscal Year Budget, which ended in June of this year.
The County ended the 2014 Fiscal Year with a relatively modest $11 million positive balance out of a $3.7 billion General Fund Budget. This balance is the result of about $8.3 million in more revenue than projected – less than 1% (0.23%) of the original projection. The rest of the balance was mostly the result of savings and efficiencies within County operations.
You can view details of our Board’s Budget Committee meeting of September 2nd and action on the Carryover Budget by going to the County’s website at fairfaxcounty.gov/dmb. This site also includes an excellent video that explains the budget process.
On Tuesday, I moved adoption of the Carryover Budget package and the Board supported holding the balance in reserve in order to assist us with adoption of the upcoming Fiscal Year 2016 Budget. We are still not out of the woods as both the County and State are affected by Sequestration and Federal cutbacks in contracting which has impacted our commercial sector.
The Fairfax County Public Schools have also ended the year with a positive ending balance of $23 million. This is after absorbing the cost of beginning all-day-Mondays at elementary schools this school year. Our Board has been supportive of this School Board initiative. On Tuesday, the Board agreed to “bump up” the 3% projected increase in the School Transfer that we have given School staff as guidance for development of next year’s budget. The “bump up” will reflect actual costs for implementing this change and is meant to accommodate the recurring cost of full day Mondays next fiscal year.