Budget Development

Fiscal Year 2022 to 2023 Budget Documents

About the Fiscal Year 2023 to 2024 Budget Process

Budget preparation is a year-long process of gathering information, analyzing data, and working with departments to understand upcoming needs. Development of the 2023 to 2024 fiscal year budget began with work sessions with the Board of Supervisors occurring in September 2022 and will continue through May 2023. The capital portion of the budget and the operating portion will be proposed on March 28, 2023. By state law, localities like Roanoke County must approve a balanced budget by June 30. On May 23, 2023, the Roanoke County Board of Supervisors will adopt the Fiscal Year 2023 - 2024 Annual Fiscal Plan and the Fiscal Year 2024 - Fiscal Year 2033 Capital Improvement Program. 

A locality’s budget is a document that projects a county’s revenues and expenses for the upcoming year to ensure that the local government can cover costs. The process Roanoke County undertakes to develop a balanced budget for the upcoming year is dependent on many factors that include - but are not limited to - county expenditures (expenses, i.e.: fuel, building maintenance, employee salaries, etc.), local tax revenue collection, citizens’ expectations for continued service levels, funding for Roanoke County Public Schools, and funding from the Commonwealth of Virginia.

Throughout Roanoke County’s budget process, the Board of Supervisors and staff will hold several public work sessions as well as public hearings to gather citizen input before the budget’s final adoption. In addition, citizens can send ideas to Roanoke County Finance & Management Services - Budget Division staff at any time by using our online Budget Comments and Suggestions Form.

Additional Information

For questions about the budget process, please email Budget Division staff or call 540-772-2073. Please send us your comments and suggestions!

Important Dates & Presentations from the Fiscal Year 2023 to 2024 Budget Development Process

DatesTopic
September 13, 2022Consent agenda of the Board of Supervisors to approve Fiscal Year 2023 - 2024 Budget Development Calendar (PDF)
September 28, 2022Work session with the Board of Supervisors to discuss Fiscal Year 2021 - 2022 Preliminary and Unaudited Year-End Overview (PDF)
November 9, 2022
Work session with the Board of Supervisors to discuss Capital Project Status Update
December 13, 2022Briefing to the Board of Supervisors to discuss 2023 Real Estate Assessment and Regional Economic Conditions
Briefing to the Board of Supervisors to review Fiscal Year 2021 - 2022 Audit Results
January 10, 2023Work session with Board of Supervisors to discuss Fiscal Year 2024 - 2033 Capital Improvement Program
Work session with Board of Supervisors to discuss County Financial Policies (if necessary)
January 24, 2023Work session with the Board of Supervisors to review Fiscal Year 2023 Mid-Year Revenue and Expenditure Updates. Fiscal Year 2022-2024 Budget Issues
February 14, 2023Work session with Board of Supervisors to discuss Fiscal Year 2023 - 2024 Revenue Outlook; County Fees and Charges Compendium
February 28, 2023Work session with Board of Supervisors to discuss Fiscal Year 2023 - 2024 Compensation Update, Outside Agency Funding
Work Session with Board of Supervisors to discuss  FY 2024 - 2033 Capital Improvement Program
March 14, 2023Public Hearings on Effective Tax Rate (if necessary) and on adopting Maximum Tax Rates
March 28, 2023Briefing to the Board of Supervisors on the County Administrator's Proposed Fiscal Year 2023 - 2024 Operating Budget and Capital Improvement Program Presentation
April 11, 2023Public Hearing to Adopt Fiscal Year 2022 - FY 2023 Tax Rates
Work session with Board of Supervisors to discuss Fiscal Year 2023 - 2024 Budget
April 25, 2023Public Hearing on Operating and Capital Budgets (first of two)
1st reading of Ordinances to Adopt and Appropriate Funds for Fiscal Year 2023 Operating and Capital Budget
Works session with Board of Supervisors to discuss Fiscal Year 2023 - 2024 Budget
May 9, 2023
Public Hearing on Operating and Capital Budgets (second of two)
1st reading of Ordinances to Adopt and Appropriate Funds for Fiscal Year 2024 Operating and Capital Budget
May 23, 2023
2nd reading of Ordinances to Adopt and Appropriate Funds for Fiscal Year 2024 Operating and Capital Budget
Resolution to approve operating and capital budgets, revenues and expenditures for County and Schools

Dates in italics are tentatively scheduled and are subject to change.

For More Information

For more information about the budget process, please email Budget Division staff or call 540-772-2073. To view previously adopted budgets, please see our Annual Fiscal Plan page.