View full story at The News & Advance...
The Campbell County Board of Supervisors, along with staff, continued their quest to adopt a budget for the next fiscal year during a meeting Tuesday evening.
The board unanimously approved the county’s capital improvement plan (CIP) over the next five years, which County Administrator Frank Rogers presented during the meeting.
The county, whose fiscal year runs from July 1 to June 30, annually adopts a CIP as part of the budget development process and Rogers said it’s the first formal step in crafting the budget.
The CIP is a five-year planning tool which identifies capital assets and investments that are anticipated or planned, typically incorporating known expenses that exceed $10,000 for fixed assets.
Local funding needed for fiscal year 2025 projects is nearly $3.8 million.
“There are not a lot of new initiatives in this FY25 proposed CIP,” Rogers said.
The FY25 plan includes a recommendation for $12 million for industrial site development — a previously approved $11.5 million for the 100,000-square-foot shell building in Seneca Commerce Park.
Rogers said the county has already borrowed the $11.5 million for this proposed shell building.
“That $12 million really pops off the page, and I want to make sure I make the connection back to the shell building,” Rogers said.
“The citizens’ concern at the time was around timing for that, and I appreciate that concern, but I want to remind the board, it’s done. The board agreed to do it, authorized it, we borrowed money for it, so now this will be the year where we proceed with implementing that project.”
Also, from input during a January work session, additional funding is now included in the CIP for parks development in 2028 and 2029.
Next, the plan and the corresponding local funding required to support it in FY25 will be incorporated into the budget development process over the coming months.
The board ended the meeting by holding a public hearing to discuss the Brookneal Library and its lease agreement with the Altavista YMCA.