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Annual Budget
The Annual Operating and Capital Budget process produces one of the top policy documents governing the Town’s work plan for the year. The Mayor and Town Council’s approach displays a thoughtful consideration of which items are most critical in achieving the Town’s goals. They undertake the methodology of considering opportunities for redirecting existing resources to mandates and critical, higher priority needs.
The budget development process incorporates principles of zero based budgeting by not automatically assuming that current year expenditure levels are justified but rather will systematically review, re-prioritize and shift funding support from activities that no longer align properly with the Town’s objective to support core service functions.
The fiscal year budget is a document that is a result of a very structured and formal development process. Town Council conducts a series of budget work sessions to further refine recommendations submitted by the Town Manager and staff. A public hearing on the budget is conducted to provide all interested parties an opportunity to publicly voice their opinions of its contents. Section 58.1-3005 of the Code of Virginia of 1950, as amended, requires that Town Council shall, on a regular basis, make an appropriation of funds for expenditure by the Town. Town Council then directs that the funds as set out in the budget to be appropriated and set aside to the appropriate fund structure, and authorizes the Town Manager to expend the funds in accordance with said budget and in accordance with prior appropriations.
The fiscal year budget is a document that is a result of a very structured and formal development process. Town Council conducts a series of budget work sessions to further refine recommendations submitted by the Town Manager and staff. A public hearing on the budget is conducted to provide all interested parties an opportunity to publicly voice their opinions of its contents. Section 58.1-3005 of the Code of Virginia of 1950, as amended, requires that Town Council shall, on a regular basis, make an appropriation of funds for expenditure by the Town. Town Council then directs that the funds as set out in the budget to be appropriated and set aside to the appropriate fund structure, and authorizes the Town Manager to expend the funds in accordance with said budget and in accordance with prior appropriations.
Budget Documents
Adopted
- Town of Bedford FY 2023-2024 Proposed Budget
- Town of Bedford FY 2022-2023 Adopted Budget
- Town of Bedford FY 2021-2022 Adopted Budget
- Town of Bedford FY 2020-2021 Adopted Budget
- Town of Bedford FY 2019-2020 Budget
- Town of Bedford FY 2018-2019 Budget
- Town of Bedford FY 2017-2018 Budget
- Town of Bedford FY 2016-2017 Budget
- Town of Bedford FY 2015-2016 Budget
- Town of Bedford FY 2014-2015 Budget
- Town of Bedford FY 2013-2014 Budget
- City of Bedford FY 2012-2013 Budget
- City of Bedford FY 2011-2012 Budget
- City of Bedford FY 2010-2011 Budget
- City of Bedford FY 2009-2010 Budget
- City of Bedford FY 2008-2009 Budget
- City of Bedford FY 2007-2008 Budget
*For a non-animated version of the Town of Bedford FY 2021 - 2022 Budget, please select the Archives tab.
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Finance
Physical Address
215 East Main Street
Bedford, VA 24523
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Finance Dept.
Phone: 540-587-6041 ext 1