Main content
City of Alexandria Homepage
Tuesday, September 30  •  75°Partly Cloudy Air Quality: Yellow
CloseWeather Forecast
Today: High 76° Low 61°
Showers LateAir Quality: Yellow
Wed: High 76° Low 59°
Partly CloudyAir Quality: Yellow
Thu: High 76° Low 61°
Partly CloudyAir Quality: Yellow
Fri: High 76° Low 63°
CloudyAir Quality: Green
Sat: High 64° Low 47°
Partly Cloudy
City of Alexandria, VA City of Alexandria, VA
Communications & Public Information
Share Share RSS RSS Print Print Text Size Text Size NormalText Size LargeText Size Extra Large
Page updated Sep 13, 2011 8:47 PM
CloseComments

No Comments Posted Yet

City of Alexandria Closes FY 2011 with $9.8 Million Surplus

At Alexandria City Council’s first legislative session in Fiscal Year (FY) 2012, Acting City Manager Bruce Johnson reported that the City of Alexandria closed out FY 2011 on June 30, 2011 with an additional, unexpected operating surplus of $9.8 million, or 1.8% of the total General Fund Operating Budget. The sources of the surplus were $5.57 million in expenditure savings and $4.26 million due to higher than anticipated revenue.

Alexandria City Council is considering recommendations from Johnson to set aside an additional $6.7 million in fund balance to protect against considerable economic uncertainty facing the City, which could lead to future revenue shortfalls. Johnson suggested that the remaining one-third of this surplus ($3.1 million) could be split up and used for the following purposes:

  • Pay for one-time emergency response costs incurred from the recent earthquake, hurricane, and flooding
  • Set aside for future emergency costs in the remainder of the fiscal year
  • Improve emergency response capabilities by providing better equipment and training for first responders
  • Increasing emergency management planning and training