BOARD OF SUPERVISORS BUDGET WORK SESSION April 23,2024  The Board of Supervisors of Floyd County, Virginia, held a Budget Workshop on Tuesday, April 23, 2024, at 3:14 a.m. in the Community Room oft the Town of Floyd Offices. PRESENT: Joe D. Turman, Chairman; Jerry W. Boothe, Vice Chairman; Kalinda Bechtold, Linda DeVito Kuchenbuch, and Levi Cox, Board Members; Dr. Linda S. Millsaps, Danny Lowery, Manager ofIT Operations, to Livestream and film the meeting.  Agenda Item 1.-Meeting Called to Order.  Chairman Turman called the meeting to order at 8:30 a.m.  Agenda Item 2. - Opening Prayer.  The Opening Prayer was. led by Supervisor Cox. Agenda Item 3. - Pledge of Allegiance. Supervisor Boothe led the Pledge of Allegiance.  Agenda Item 4. -C Quorum  Dr. Linda Millsaps called roll and a quorum was determined. Agenda Item 5.- Budget Workshop Discussion.  Dr. Millsaps updated the Board members with a review ofFY24 revenue and expenditures highlights. Dr. Millsaps updated the Board on the new Munis reports and noted that County staffis still working through the new: system. In addition, Dr. Millsaps reviewed what was available in the Board's Budget folder for review. AF PowerPoint was presented by Dr. Millsaps, FY25 Administrator's Recommended  Budget.  Highlights reviewed:  Virginia Budget Basics  Commonwealth constitution and laws oft the state Dependent on the legislature for authority to act  1    Counties are Administrative Units ofthe State County power to tax, appropriate and spend. Budget is about Inflows and Outflows Review ofl history of! Revenues Review oft the history of Expenditures Proportion of County Expenditures Over Time Education leading expenditure, Public Safety next then Public The percentages of county revenues from each source have County Administration noted the budget presented represents a .02 The first. .01 cent designated to Fire and Rescue Fund. The second .01 cent was designated to the school as a temporary one-year-only, non-recurring relief due to the Both these funds will be plaçed in contingency and then moved to appropriate fund/funds during the fiscal year as  works  remained relatively the same. cent increase.  current School budget challenges.  needed.  Advance Solid Waste Facilities Update permit and solid waste fees. Maximize investment returns. Use ofremaining ARPA  .02 increase continues tol keep us below Patrick and Pulaski Graph of the decrease in Floyd County School Enrollment Key Budget Drivers- - EMS Costs, Public School Challenges, Convenience Centers, Reassessment, Lawl Enforcement Costs and  General Inflation Widening Affordability Gap Out Commute Rate Planning Fees  Works in the County 31% Works outside the County 69%  Reference to the publici index of local ability toj pay formula  Agenda Item 6. - Adjournment.  Ona ai motion of Supervisor Bechtold, seconded by Supervisor Boothe, and unanimously  carried out, it was resolved to adjourn the meeting.  2    CakslE  f D. Jumer Joe D. Turman, Chairman, Board of Supervisors  3