Adopted FY2024 Budget & CIP 

Budget and Tax Matters
Fiscal Year (FY) 2024 - Adopted
Operating and Capital Budget for FY2024

July 1, 2023 through June 30, 2024

Resolution No. 12-01-23 (Current Budget)

An Ordinance to amend the fiscal year 2024 budget to transfer $22,000 from reserves to a new line item in the Capital Projects budget entitled "Personnel Compensation & Classification Study" to fund the study.

Resolution No. 10-01-23

An Ordinance to amend the fiscal year 2024 budget to transfer $480,175 from reserves to the "Stormwater Management Projects" line in the Capital Projects budget to fund the Municipal Storm Drain Project.

Resolution No. 09-01-23 

An Ordinance to amend the fiscal year 2024 budget to transfer $145,000 from reserves to the “Boxwood Area Project” line item in the Capital Projects budget to fund the project.

Resolution No. 04-02-23
An Ordinance to adopt the fiscal year 2024 budget and to levy a tax on certain real and personal property under the provisions of §6-203 of the Tax-Property Article of the Annotated Code of Maryland, as amended. 

Operating and Capital Budget (Summary)

Operating and Capital Budget (Detail)

Revenue Summary

FY2024-2029 CIP -Adopted

2023 Constant Yield Rate

Pay Scales - Police

Pay Scales - General

Organizational Chart

FY2024 Budget Insert from the April 2023 Crier

FY2024 Budget Insert from the April 2023 Crier

Second Draft of the Operating and Capital Budget for FY2024 (July 1, 2023 through June 30, 2024) presented at the First Public Hearing on March 13, 2023

FY2024 First Public Hearing, Draft Budget

First Draft of the Operating and Capital Budget for FY2024 (July 1, 2023 through June 30, 2024) considered by the Village Board at its February 27, 2023 Budget Work Session

FY2024 Budget Work Session Minutes

FY2024 Budget Work Session Agenda

FY2024 - FY2029 CIP Draft

FY2024 Budget Work Session Meeting Recording

FY2024 Budget Work Session PowerPoint

Revised FY2024 Budget and Revenue Summaries Circulated at the February 27 Budget Work Session

Revised FY2024 Budget Summary

Revised FY2024 Revenue Summary

FY2024 Budget Process

The Village Board of Managers will hold a Budget Work Session on Monday, February 27, 2023 to review the Village Manager’s draft budget for the fiscal year that will begin on July 1, 2023 and end on June 30, 2024 (FY2024). The draft budget and related documents will be posted to this page by Friday, February 24.

Following the Board’s Budget Work Session on Monday, February 27, Village staff will make any Board requested modifications to the budget and circulate an amended draft to the Board in advance of the first Budget Public Hearing that will be held during the Board’s regular meeting on March 13, 2023. The amended draft and related documents will be posted to this page by Friday, March 10.

The Board will hold a Second Budget Public Hearing during its regular meeting on Monday, April 10. If applicable, an amended budget and related documents will be posted to this page by Friday, April 7.

An explanatory memo regarding the proposed FY2024 budget, drafted by Board Treasurer Mr. Gary Crockett, will be included in the April issue of the Crier.

The Board will adopt the FY2024 operating and capital budget during the Village’s Annual Meeting on Monday, April 17.