Chairman's Monthly Report, October 2009

At our first meeting of the month, our Board unanimously adopted a “Carryover Package,” as Fairfax County closed the books on the Fiscal Year 2009 budget. Despite major economic challenges and thanks to careful fiscal stewardship, we were able to end this difficult year with a modest positive balance of $66.1 million out of our $3.2 billion General Fund budget. After replenishing our Revenue Stabilization Fund, the majority (80%) of this balance was held in reserve as a hedge against Fiscal Year 2011 challenges, which are currently the subject of Budget Community (and Employee) Dialogues being held throughout the County.

Bulova Bylines October 2009.pdf — PDF document, 806Kb