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Hanover budget workshop: county staff recommend larger reserve for revenue; schools may see additional state aid
Summary
County finance staff told supervisors the proposed FY2026 budget would include a larger 'reserve for revenue' to capture unexpected grants and reimbursements, and that the schools could receive new state funding pending the governor’s and General Assembly’s actions.
HANOVER COUNTY, Va. — At a March 26 budget work session, Hanover County budget staff proposed increasing the county’s “reserve for revenue” appropriation and previewed potential state funding for schools that could reduce the need for local budget adjustments.
Shelly Wright, the county’s budget division director, said the proposed reserve for revenue in the county administrator’s recommended budget was $850,000 but staff recommends raising that to $1.2 million to provide a temporary appropriation for incoming outside funds such as grants, donations and insurance recoveries. Wright said the appropriation is not local tax revenue; unused appropriations expire at fiscal-year end.
Wright also told supervisors the school division had received additional guidance from Richmond and that staff estimates the schools could receive as much as $3.1 million in additional state funding depending on final state appropriation actions. If that funding is approved, she said, the schools planned to move money from the schools’ reserve account into a state‑revenue account without changing the county’s overall bottom line.
County staff also reiterated a few technical personnel and program items in the administrator’s proposed budget: funds previously included to support a multi‑year position review process will be reallocated to impacted departments, and the tourism program will fund two full‑time staff positions without increasing the overall county bottom line.
Next steps: The Board of Supervisors will hold a formal public hearing on the proposed FY2026 budget on April 2, with adoption set for April 9. Wright said staff will present final adjustments at adoption time reflecting any new state actions and federal grants.
