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Budget Documents
Budget Presentations
Budget Handouts
Through the Budget Chronicles webpage, citizens have the opportunity to be a part of an open, transparent process that will help shape the upcoming fiscal year for the City of Fayetteville and the services provided to citizens. On this page is an informative FAQ section, presentations from Council's budget meetings, a budget schedule, and the FY2010-2011 and FY2011-2012 adopted budgets.
The budget process begins and ends with the City's Strategic Plan, which is a roadmap employed by many local governments to guide the use of money, personnel and resources to realize a shared vision of the future.
A capital improvement planning process is also part of budget preparation. The City invites you to participate via the webpage as we forge ahead into the next year.
Frequently Asked Questions
How much does one penny on the tax rate generate?
Approximately $1.29 million. The current tax rate is 45.6 cents per $100 of valuation.
Do the property taxes pay for all City services that residents receive?
No, they do not. For example, property tax revenues for FY2012 were budgeted at $60,041,292. The original budgets for the Police and Fire Departments were $65,065,721, well over the property tax revenues.
Where does the money come from to operate the City?
The money comes from a variety of places, with the most, 43%, in ad valorem taxes (property taxes). The remainder is:
| Other Taxes | 2% |
| Fund Balance | 3% |
| Intergovernmental | 38% |
| Transfers | 7% |
| Functional Revenues | 5% |
| Other Revenues | 2% |
| 57% |
According to original FY 2012 revenues from adopted budget.
How is the money generated used?
Most of the money goes to personnel, including payroll, healthcare, and other employee related functions.
| Police | 30% |
| Fire | 17% |
| Parks, Recreation & Maintenance | 9% |
| Debt Service | 5% |
| Engineering & Infrastructure | 9% |
| Annexation Revenue Reimbursement & Sewer Funding Agreements | 6% |
| Environmental Services | 6% |
| County Recreation | 3% |
| Transit | 2% |
| Other Support & Service Departments | 13% |
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100% |
According to original FY2012 adopted budget.
Are the City's finances well managed?
Yes. The City's Comprehensive Annual Financial Report (CAFR) has received the Government Finance Officers Association's Certificate of Achievement for Excellence in Financial Reporting for the past five fiscal years. The City undergoes an independent audit of its financial processes and procedures each year and has received unqualified "clean" opinions, which represents the highest level of assurance. Recently, the City has received improved bond ratings, allowing it to borrow money at lower interest rates.
What is a CIP and why is it important for the City to keep it updated?
The City does have a Capital Improvement Plan, or CIP, which is a five-year work list for planned capital projects that have a minimum cost of $50,000. A CIP is a key component of disciplined financial planning and budgeting processes as viewed by bond rating agencies, financial institutions and citizens. Our CIP is prioritized by Strategic Plan initiatives; operational mandates or safety considerations; maintenance of existing facilities, infrastructure and technology; funding from other sources (i.e. grants); efficiency enhancements; and service enhancements and quality of life. Projects are generally for infrastructure and facilities, significant maintenance plus major technology and software projects and upgrades. As the City regularly re-evaluates its needs, the CIP is updated as well. As critical needs are planned there is also the opportunity to plan for funding sources.
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433 Hay St. Fayetteville, NC 28301, (910)433-1FAY © 2005-2012 City of Fayetteville, All rights reserved.
