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County finance staff outline $14.08 million capital improvement program, schedules public hearing for VRA loan appropriation
Summary
Finance staff reported a FY2026 capital improvements summary showing $14,083,006.53 in the general capital fund, water/sewer capital of roughly $5.07 million and solid waste capital around $2.00 million; the board was told a VRA loan of $7,009,143.35 closed Aug. 6 and a public hearing is scheduled to appropriate the remainder.
Kim, identified in the meeting as county finance staff, presented a high‑level summary of Pittsylvania County's FY2026 capital improvements during the Sept. 16 work session, telling supervisors that the capital improvements fund (Fund 310) contains $14,083,006.53 in active projects and carryovers. The presentation listed separate capital totals for water and sewer and solid waste and summarized sources including carryover funds, project funds and lease revenue bonds.
The finance presentation said the water and sewer capital budget totals about $5,072,053.11, with grant funding included; the solid waste capital fund was reported at about $2,000,006.39 with roughly $3 million in that fund's balance at June 30 and about $2.6 million already earmarked for capital projects. The report also described a broadband project that required an additional $4.1 million local contribution to finalize payments in December, and noted that recent borrowing closed in August.
The county closed a Virginia Resources Authority (VRA) loan on Aug. 6 for $7,009,143.35, finance staff said. The county made an initial draw of $2,039,009.11 (largely for Moses Building renovations and related work), and $3,000,002.51 of the loan was appropriated in the adopted FY2026 budget; about $3,000,007.54 remains to be appropriated and, because the amount exceeds the local 1% threshold, staff said a public hearing will be held at the October board meeting to complete the appropriation.
The nut graf: the presentation was informational; supervisors asked for clarification about project timing and bidding and were told that several projects are on hold until grant draws and construction costs align with available funding.
Board discussion included questions about which projects have been bid, the status of EDA grants connected to water and sewer projects and how borrowing decisions shifted following earlier uncertainties during the budget process. Finance staff said some projects were delayed or reallocated — for example, anticipated CAD software replacement fell through and those borrowings were redirected to courthouse HVAC, Moses Building renovations and a radio upgrade for public safety communications.
Supervisor questions focused on timing: projects will not move forward until grant conditions are met or more funding becomes available. Finance staff said one public hearing will be scheduled in October to appropriate the remaining VRA loan proceeds.
Ending: Finance staff requested no immediate votes on the report; supervisors thanked staff and indicated they plan to begin the next budget cycle earlier to address upcoming challenges.
