Public Notice: Public Hearing Scheduled for March 10 (FY2023 Budget)

TOWN OF LOVETTSVILLE
NOTICE OF PUBLIC HEARING
ON THE PROPOSED BUDGET
FOR FISCAL YEAR JULY 1, 2022 – JUNE 30, 2023

Pursuant to Section 15.2-2506 of the Code of Virginia, 1950, as amended, the LOVETTSVILLE
TOWN COUNCIL will hold a public hearing on March 10, 2022 at 6:30 p.m. in the Town Council
Chamber, 6 E. Pennsylvania Avenue, Lovettsville, Virginia at which time the public shall have the
right to provide written and oral comments on the Town’s proposed budget for fiscal year July 1, 2022
to June 30, 2023.
This budget is prepared for informative and fiscal planning purposes only. Such preparation, publication, and approval shall not be deemed to be an appropriation. No money shall be paid out or become available to be paid out for any contemplated expenditure unless and until there has first been made an
annual, semiannual, quarterly, or monthly appropriation for such contemplated expenditure.

SUMMARY OF EXPENDITURES
FY 2022 FY 2023 Increase
ADOPTED PROPOSED (Decrease)
GENERAL FUND___________$1,354,847 _______$1,758,787 _______$403,940
UTILITIES FUND__________$1,948,637 _______$2,244,486 _______$295,849
GENERAL GOVERNMENT
CAPITAL PROJECTS FUND_____$668,000 ______$1,298,500 _______$630,500
EVENTS FUND _____________$247,583 _______$247,583 ________$0
TOTAL EXPENDITURES- ALL FUNDS
_______________________$4,219,067 _______$5,549,356 _______$1,330,289

SUMMARY OF REVENUES
FY 2022 FY 2023 Increase
ADOPTED PROPOSED (Decrease)
GENERAL FUND.__________________$1,354,847 ______$1,665,353 _________$310,506
UTILITIES FUND__________________$1,633,637 ______$2,214,486 ________$580,849
GENERAL GOVERNMENT
CAPITAL PROJECTS FUND___________$623,409 _______$1,293,500 ________$670,091
EVENTS FUND ___________________.$247,583 _______$247,583 _________ $0
USE OF FUND BALANCE
ACROSS ALL FUNDS _______________$359,591 _______$128,434 __________ ($231,157)

TOTAL REVENUES – ALL FUNDS ______$4,219,067 ______$5,549,356 _________$1,330,289

All persons desiring to speak will be given an opportunity to do so at this meeting.

Copies of the proposed budget are available on the Town website at Budget & Financial Policies | Town of Lovettsville, VA (lovettsvilleva.gov) and are available for review at the
Town Hall between the hours of 8:30am and 4:30pm weekdays or by special appointment, holidays
excepted. Call 540-822-5788 for more information or visit www.lovettsvilleva.gov. In the event the
meeting is cancelled, the public hearing will be convened at the next regular scheduled meeting at the
same time and place.
2/24 & 3/3/2