County Executive Presents FY 2014 Carryover Budget Recommendations


July 29, 2014

Fairfax County Executive Edward L. Long presented his recommendations for use of Fiscal Year ( FY) 2014 carryover funds to the Board of Supervisors today. The Board is scheduled to vote on the use of the carryover funds at its next meeting on Tuesday, Sept. 9.  Carryover is the process by which certain unspent or unencumbered funds for commitments to pay for goods and services at the end of one fiscal year are reappropriated in the next fiscal year. FY 2014 ended on June 30, 2014.

Long recommended that allocation of the FY 2014 carryover funds be used only to address critical needs, previous commitments or to improve the FY 2016 budget outlook. Of the total available balance of $34.31 million, $23.09 million is included for required adjustments and $11.22 million is recommended to be held in reserve to address other critical one-time requirements.

In his memo to the Board of Supervisors, Long said “The economic recovery continues to be fairly sluggish, as our extremely tight FY 2014 revenues attest, both the county and schools have increasing needs in many services and programs, and most recently the state is experiencing revenue shortfalls. All of these combine to limit flexibility to provide required resources.”

In addition, he noted that program reductions and further cutbacks with significant impact on county programs and services are likely.

Long highlighted the following considerations in moving forward for the current FY 2015 budget (began July 1, 2014) and the FY 2016 budget (begins July 1, 2015):

  • React to the funding reductions at the state level in the short-term.
  • Budget within modest county revenue growth.
  • Continue important investments.
  • Focus on strengthening reserves.
  • Review county and school services and programs and prioritize any reductions in county and school services and programs.

More information on the FY 2014 Carryover Budget Package and the county’s budget can be found online at www.fairfaxcounty.gov/budget.

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