RESOLUTION

A RESOLUTION TO ADOPT THE FISCAL YEAR (FY) 2004 BUDGET AND

THE TAX RATES FOR CALENDAR YEAR 2003 

            WHEREAS, it is the responsibility of the Fauquier County Board of Supervisors to approve and control the County’s fiscal plan for FY 2004; and

            WHEREAS, the Board of Supervisors has received and reviewed the County Administrator’s Proposed Budget for FY 2004; and

            WHEREAS, it is the responsibility of the Fauquier County Board of Supervisors to set the tax rates for Calendar Year 2003; and

            WHEREAS, the Board of Supervisors has received comments on the proposed tax rates and the proposed budget from citizens of Fauquier County at a duly advertised public hearing; and

            WHEREAS, it is the intent of the Board of Supervisors that departments and agencies shall adhere to the budgeted funds in accordance with departmental budgets presented by the County Administrator and adjusted by the Board of Supervisors; and

            WHEREAS, there are funds in the Capital Fund which will be unexpended at the end of FY 2003; now, therefore, be it

            RESOLVED by the Fauquier County Board of Supervisors this 25th day of March 2003, That the following tax rates for Calendar Year 2003 be, and are hereby, approved, as set forth below; and, be it

            RESOLVED FURTHER, That local tax supported expenditures of the School Division’s overall budget of $95,675,681 shall not exceed $61,489,592 of local funds  and, be it

            RESOLVED FURTHER, That the following budgets be, and are hereby, approved effective July 1, 2003 , as set forth below; and, be it

            RESOLVED FURTHER, That the unexpended funds in the Capital Fund shall be appropriated in FY 2004 to be used for specifically approved projects; and, be it

            RESOLVED FINALLY, That all financial activities, purchases, travel, personnel actions, etc., shall be in accordance with the policies and procedures established by the Board of Supervisors and administered by the County Administrator .

CALENDAR YEAR 2003 COUNTY TAX RATES

            Real Estate………………………………$0.92 per $100 of assessed valuation

Real Estate – Fire and Rescue Levy…….$0.07 per $100 of assessed valuation

Marshall Street Light Levy……………...$0.02 per $100 of assessed valuation

Personal Property………………………..$4.65 per $100 of assessed valuation

            Personal Property – Fire and Rescue……$0.25 per $100 of assessed valuation

            Motor Homes, Camper Trailers, Boats.…$1.50 per $100 of assessed valuation

            Mobile Homes  …………………………..$0.99 per $100 of assessed valuation

            Machinery and Tools……………………$4.65 per $100 of assessed valuation

            Aircraft…………………………………..$0.60 per $100 of assessed valuation

            Specially Equipped Handicap Vehicles…$0.05 per $100 of assessed valuation