Fiscal Year 2020-21 Budget

Development of a balanced budget is a fundamental responsibility of local government governing bodies; North Carolina General Statutes govern the requirements of the budget development process.

The board of commissioners and town staff worked diligently to establish goals and priorities which started at our retreat in February. Those priorities are supported through the budget. In Davidson, the town manager is the budget officer for the town. His responsibility is to prepare and present the board of commissioners with a proposed budget each year. He works closely with staff to project revenues and expenditures for the upcoming fiscal year.

Below is a schedule of activities for the approval of the July 1, 2020 – June 30, 2021 fiscal year budget:

May 12: The recommended budget is presented for board review

May 26: Virtual public hearing and board of commissioners discussion on the budget at board meeting

June 9: Work Session meeting: budget ordinance will be considered for approval by the board

Information regarding budget items to be discussed at the above meetings will be found attached to the published agendas here: http://townofdavidson.org/73/Meeting-Agendas-Minutes and all documents will be published on this webpage.

All residents are encouraged to participate in the budget process, and especially to participate in the May 26 public hearing. Details on how to participate available here.

Important Documents

FY2020-21 Proposed Budget Snapshot

FY2020-21 Proposed Budget Snapshot

From May 12th agenda:

FY2021 Proposed Budget Presentation May 12, 2020

FY2021 Proposed Budget Booklet

FY2021 General Fund Revenue Recommended Budget

FY2021 General Fund Expenditure Detail Recommended Budget

FY2021 Recommended Budget - Powell Bill

FY2021 Recommended Budget - Affordable Housing

FY2021 Recommended Budget - Storm Water

FY2021 Recommended Budget - Solid Waste