Charlottesville Plan and Analysis

Charlottesville Plan and Analysis




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Charlottesville is a city in the central part of Virginia and located at the South West of Washington D.C. the city is independent in terms of education, political and economic sectors where other counties from all over central Virginia seek their facilities. The city is also very well equipped with recreation facilities and sites which in a great source of income to the city. Health facilities are also fully furnished by the right equipments to ensure that the residents get the best healthcare. Charlottesville city council has set strategic plans which will help the city to grow and achieve their mission; providing the best facilities that will ensure good living to all the city dwellers (Stewart &Neumann, 2007) . The plan of the agency has a plan that will help in fulfilling the agency’s goals. Some of the areas include providing vocational education to the residents; provide employment by reducing employment barriers, providing affordable housing in the city among others. In planning for a five-year budget it is crucial to start by analyzing the income and outcome for some past period. This will help identify what needs to be added or reduced depending on the commodity.

Charlottesville cityfinancial report for the last five years

Financial year Revenue %change Expenditure %change in expenditure
FY 2007 $68,039   $68039  
FY 2008 $68,501 0.7% $68,501 0.7%
FY 2009 $69,703 1.8% $72,211 5.4%
FY 2010 $72,111 3.5% $75,228 4.2%
FY 2011 $74,081 2.7% $77,151 2.6%

From the analysis the city’ expenses are growing higher than the total revenues in to the city council’s income (Braga & Saraiva, 2005). This mostly indicated in the 2011 and 2008 fiscal years. In the years 2011 and 2010 there is a minor difference in the percentages. The revenue percentage was 1.8% and the expenditure was 5.4%. From the range difference it means that in those years expenses had grown faster with a difference of 3.6 %. In the years 2011 and 2010 there was an increase in both revenue and expenses. The percentage increment went up by 3.5% and 4.2% respectively. There were lesser expenses in the 2011. The years 2011 to 2010 expenses and the revenues went down.Expenditure decreased from 4.2 % to 2.6% and revenue from 3.5 % to 2.7%.

Charlottesville city has various programs whichrequire funds to operate. The program includes the expenses of the city like catering for transportation in the town. For the last five years the transportation budget has ranging from $10-$15 which the council has been paying without much struggle. There city has to pay for healthcare services which totals to around $20. The city council is planning to increase the amount so that the ratio given to every healthcare may be increased to cater for more and better services in hospitals (Stewart &Neumann, 2007).The education sector most specifically on the vocational training is also in the plan of getting a higher amount of money allocated in future. This is because the city is planning on increasing the number of vocational institutes in the town to offer more opportunities for education and training. For instance the introduction of the Community Attention Youth Internship Program has been of great importance to a great number of youths in the town.

The city council is planning to expand its services for the residents in town. The council realized that there are very many people who struggle to pay their house rents. The council is looking for effective ways that can help them improve their living standards (Braga & Saraiva, 2005). They are planning to partner with other housing finance organizations who offer assistance to the less fortunate residents. The city will thus be able to implement their goal of providing affordable housing to all the residents. Additionally the city council has a goal of ensuring good security systems in the town. The town’s businesses and operations operate day and night which calls for maximum security. The city council needs to increase the number of the police in town to ensure enough security.

The city has income generating projects towards the income of the city. The income generated helps the city to manage their activities while introducing more projects in the town. There are many recreational centers in town which are major sources of income. The town halls and fields also act as income generators of the city. Additionally the city collects revenue from the business owners. This acts as the major source of income to the city council. Every business in town has to top up their amount monthly for growth and maintenance of the town. The city council is able to manage their income and implement all their activities (Conroy & Berke, 2004). However there are some circumstances that force the city council to acquire loans from banks and other lenders. For instance in starting up of huge projects like restaurant construction the city council has to lender money to complete the construction project in time. The loans are later paid depending on the income of the town and their agreement with the lender.

Suggested budget

The budget of the company indicates that the city council is intending to increase their expenses in the areas that will in a high rate raise the living standards of the Charlottesville residents (Ulmer, 2006). The city assets are enough to provide enough income to cater for the budget.

Categories FY 2012 FY 2013
City service $10, 300 $ 12,569
Salary and wages $21,906 $22,515
Security $7,962 $8,104
Education $15,011 $18,267
Medical assistance $9,289 $10,416
Water and sewerages $1,367 $2,279
All other $20,766 $22,401
General obligation $5,462 $7,474


Braga, A. S. D., & Saraiva, J. T. (2005). A multiyear dynamic approach for transmission expansion planning and long-term marginal costs computation. IEEE Transactions on Power Systems, 20(3), 1631-1639.

Stewart, S. D., Neumann, J. J., Knittel, C. R., & Heisler, J. (2009). Absence of value: An analysis of investment allocation decisions by institutional plan sponsors. Financial Analysts Journal, 65(6), 34-51.

Conroy, M. M., & Berke, P. R. (2004). What makes a good sustainable development plan? An analysis of factors that influence principles of sustainable development. Environment and planning A, 36(8), 1381-1396.

Miller, J. S., Hoel, L. A., Goswami, A., & Ulmer, J. M. (2006). Assessing the utility of private information in transportation planning studies: A case study of trip generation analysis. Socio-Economic Planning Sciences, 40(2), 94-118.