HomeMy WebLinkAboutCounty of Chesterfield - Public Financial ReportCHESTERFIELD COUNTY, VIRGINIA
POPULAR ANNUALFINANCIAL REPORT
FOR THE FISCAL YEAR ENDED
JUNE 30, 2021
TABLE OF CONTENTS
INTRODUCTION 1
CERTIFICATE OF ACHIEVEMENT 2
KEY FACTS & STATISTICS 3
PRIMARY GOVERNMENT REVENUES 5
PRIMARY GOVERNMENT EXPENSES 7
PRIMARY GOVERNMENT NET POSITION 9
COUNTY-WIDE CAPITAL ASSETS 11
COUNTY-WIDE LONG-TERM LIABILITIES 12
GENERAL FUND 13
GENERAL FUND - FUND BALANCE 14
SCHOOL OPERATING FUND 15
STRATEGIC PLAN 16
The Chesterfield County Accounting Department is pleased to present the Popular Annual
Financial Report (PAFR) for the fiscal year ended June 30, 2021. The PAFR provides a snapshot
of financial activities in Chesterfield County, VA, as well as an overview of the county’s general
financial condition. Throughout this document, references to primary government include
governmental and business-type activities and references to county-wide include the primary
government and schools.
The PAFR includes data from the 2021 Annual Comprehensive Financial Report (ACFR) which
provides more than 250 pages of detailed financial statements, notes, schedules and reports.
The financial data in the ACFR is presented in accordance with generally accepted accounting
principals (GAAP) and is audited by an independent firm of licensed certified public accountants.
The PAFR condenses financial information and, therefore, does not comply with GAAP.
View the complete FY2021 ACFR on the Accounting Department website by visiting https://
www.chesterfield.gov/176/Annual-Comprehensive-Financial-Reports.
INTRODUCTION
Dr. Joseph P. Casey
COUNTY ADMINISTRATOR
Jesse Smith
DEPUTY COUNTY
ADMINISTRATOR
Matt Harris
DEPUTY COUNTY
ADMINISTRATOR
James Worsley
DEPUTY COUNTY
ADMINISTRATOR
Clay Bowles
DEPUTY COUNTY
ADMINISTRATOR
CHESTERFIELD COUNTY
EXECUTIVE LEADERSHIP
1
2
KEY FACTS & STATISTICS
CHESTERFIELD COUNTY,
FORMED IN 1749, IS THE 4TH
MOST POPULOUS COUNTY IN THE
COMMONWEALTH OF VIRGINIA.
CHESTERFIELD’S LAND AREA COVERS
437 SQUARE MILES AND IS IDEALLY
LOCATED IN THE MID-ATLANTIC
REGION OF THE UNITED STATES.
CHESTERFIELD COUNTY IS WITHIN
A TWO-HOUR DRIVE OF VIRGINIA
BEACHES, THE BLUE RIDGE PARKWAY
AND THE NATION’S CAPITAL.
BY THE NUMBERS
365,000 2021 POPULATION
38.9 MEDIAN AGE
$82,599 MEDIAN HOUSEHOLD INCOME
75.8%HOME OWNERSHIP
260,274 REGISTERED VOTERS
2,068 MILES OF WATER LINES
2,190 MILES OF WASTEWATER LINES
217,231 UTILITY CUSTOMERS SERVICED
LARGEST PRIVATE
EMPLOYERS (1,000+)
AMAZON COM KYDC INC.
UNITED PARCEL SERVICE
HCA VIRGINIA HEALTH SYSTEM
E.I. DUPONT DE NEMOURS CO.
WAL-MART STORES INC.
KROGER
FOOD LION
BON SECOURS RICHMOND HEALTH SYSTEM
HILL PHOENIX
SABRA DIPPING CO. LLC
Data as of 6/30/20213
KEY FACTS & STATISTICS
4,000+
EDUCATION
PUBLIC SAFETY
TRANSPORTATION
DURING THE 2020-2021 SCHOOL YEAR, CHESTERFIELD COUNTY
PUBLIC SCHOOLS (CCPS) EDUCATED OVER 62,000 STUDENTS
AND IS RECOGNIZED AS THE FIFTH LARGEST SCHOOL SYSTEM
IN VIRGINIA AND 68TH LARGEST SCHOOL DIVISION IN THE
NATION. NEARLY 92 PERCENT OF CHESTERFIELD STUDENTS
GRADUATE ON TIME, OUTPERFORMING THEIR PEERS ACROSS
VIRGINIA.
ALL CCPS SCHOOLS ARE FULLY ACCREDITED AND HAVE
EARNED MULTIPLE AWARDS AND RANKINGS.
• SEVEN NATIONAL BLUE RIBBON SCHOOLS
• SEVEN MIDDLE SCHOOLS TO WATCH
• EIGHT NATIONAL ESEA DISTINGUISHED SCHOOLS
ELEMENTARY SCHOOLS
(GRADES K-5)
39 12
MIDDLE SCHOOLS
(GRADES 6-8)
11
HIGH SCHOOLS
(GRADES 9-12)
2
CAREER & TECHNICAL
CENTERS
POLICE
637,749 POLICE ACTIVITIES
13,885 IBR GROUP A INCIDENTS
44%IBR GROUP A CLEARANCE RATE
4.08 mins AVG RESPONSE TIME FOR PRIORITY 1 CALLS
5 PRECINCTS
FIRE & EMS
36,198 EMS CALLS
1,760 FIRE CALLS
6,836 OTHER SERVICE CALLS
23 FIRE & EMS Stations
SHERIFF
227,646 COURTHOUSE VISITORS
72,448 CIVIL PAPERS SERVED
224 WORKFORCE INMATES
4,120 BAGS OF LITTER COLLECTED
MILES OF ROADWAY IN
CHESTERFIELD COUNTY
Data as of 6/30/2021
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
FY16 FY17 FY18 FY19 FY20 FY21
Mi
l
l
i
o
n
s
local revenue other financing sources
ROAD PROJECT FUNDING
PRE-KINDERGARTEN
1
4
PRIMARY GOVERNMENT REVENUES
TOTAL REVENUES
$1.3 BILLION
Property Taxes
$534.4M, 81%
Utility Taxes
$8.5M, 1%
Sales Taxes
$62.3M, 9%
Motor Vehicle Licenses
$15.9M, 2%
Business License Taxes
$24.2M, 4%Other Taxes
$18.9M, 3%
TAX REVENUES BY SOURCE
$664.2 MILLIONTaxes
$664.2M, 51%
Charges for Services
$286.9M, 22%
Other General Revenue$7.8M, 1%
Capital Grants &
Contributions
$137.1M, 10%
Operating Grants &
Contributions
$140.8M, 11%
Grants and Contributions
(General Revenue)
$62.7M, 5%
TOTAL REVENUES BY SOURCE
(in millions)
2021 2020 2019
TAXES $664.2 $607.6 $582.3
CHARGES FOR SERVICES $286.9 $282.0 $278.6
OPERATING GRANTS & CONTRIBUTIONS $140.8 $ 72.7 $ 61.7
CAPITAL GRANTS & CONTRIBUTIONS $137.1 $120.5 $ 85.5
GRANTS AND CONTRIBUTIONS
(GENERAL REVENUE)$ 62.7 $ 64.2 $ 65.1
OTHER GENERAL REVENUE $ 7.8 $ 31.3 $ 23.8
TAX REVENUES BY SOURCE
(in millions)
2021 2020 2019
PROPERTY TAXES $534.4 $489.9 $468.7
SALES TAXES $ 62.3 $ 54.5 $ 51.7
BUSINESS LICENSE TAXES $ 24.2 $ 24.5 $ 22.5
OTHER TAXES $ 18.9 $ 15.3 $ 15.9
MOTOR VEHICLE LICENSES $ 15.9 $ 15.1 $ 15.2
UTILITY TAXES $ 8.5 $ 8.3 $ 8.3
5
2021 TAX
RATES
REAL ESTATE $0.95
PERSONAL PROPERTY $3.60
MACHINERY & TOOLS $1.00
PUBLIC SERVICE n/a
TAXES
PRIMARY GOVERNMENT REVENUES
ASSESSED VALUES (in billions)2021 2020 2019
REAL ESTATE $44.0 $41.5 $39.1
PERSONAL PROPERTY $ 5.2 $ 4.5 $ 4.4
MACHINERY & TOOLS $ 0.7 $ 0.5 $ 0.5
PUBLIC SERVICE $ 1.8 $ 1.8 $ 1.6
The primary government’s county-wide financial activities are
made up of two broad categories: governmental and business-type
activities. Additionally, there are two main sources of revenues:
Program Revenues and General Revenues. Program Revenues
include charges for services and program specific grants and
contributions. General Revenues include property and other taxes,
and other non-program specific revenue. Operating grants &
contributions increased significantly in FY2021 due to the receipt of
Coronavirus Aid, Relief, and Economic Security Act (CARES) funding
from the federal government. Revenue totals for governmental
activities increased by $132.2M over FY2020 and total revenues for
business-type activities decreased $11.1M over FY2020.
0
100
200
300
400
500
600
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
MI
L
L
I
O
N
S
TotalAdjusted levy Collected Amount
TOTAL LEVIES & COLLECTIONS
0
10
20
30
40
50
60
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
BI
L
L
I
O
N
S
TOTAL ASSESSED VALUE
6
PRIMARY GOVERNMENT EXPENSES
TOTAL EXPENSES
$1.1BILLION
Education
$301.5M, 29%
Public Safety$222.3M, 21%General Government
$155.3M, 15%
Health and Welfare
$96.8M, 9%
Public Works
$80.2M, 8%
Water
$48.0M, 4%
Wastewater
$44.0M, 4%
Community Development
$35.2M, 3%
Parks, Recreation & Cultural
$28.0M, 3%
Interest on Long-Term
Debt
$20.2M, 2%
Administration of Justice
$13.9M, 1%
Non-Major Business Activities$9.6M, 1%
7
Total expenses for governmental activities for FY2021 increased $65.6M over FY2020. Total
expenses for business-type activities for FY2021 increased $8.6M over FY2020.
PRIMARY GOVERNMENT EXPENSES
EXPENSES BY FUNCTION (in millions)2021 2020 2019
EDUCATION $301.5 $284.4 $279.5
PUBLIC SAFETY $222.3 $197.9 $182.0
GENERAL GOVERNMENT $155.3 $144.8 $144.3
HEALTH & WELFARE $ 96.8 $ 94.4 $ 90.4
PUBLIC WORKS $ 80.2 $ 85.5 $ 57.6
WATER $ 48.0 $ 46.8 $ 44.7
WASTEWATER $ 44.0 $ 42.1 $ 41.0
COMMUNITY DEVELOPMENT $ 35.3 $ 23.1 $ 25.2
PARKS, RECREATION & CULTURAL $ 28.0 $ 26.6 $ 28.4
INTEREST ON LONG-TERM DEBT $ 20.2 $ 18.8 $ 16.5
ADMINISTRATION OF JUSTICE $ 13.9 $ 12.4 $ 11.1
NON-MAJOR BUSINESS ACTIVITIES $ 9.6 $ 4.1 $ 3.2
0
50
100
150
200
250
300
350
Mi
l
l
i
o
n
s
2021 2020 2019
8
PRIMARY GOVERNMENT NET POSITION
The county issues government-wide financial statements for the primary government in the ACFR. These
statements are designed to provide a broad overview of the county’s overall financial status.
The Statement of Net Position includes all of the primary government’s assets, deferred outflows of
resources, liabilities (both current and long-term) and deferred inflows of resources. Deferred ouflows
of resources are amounts that are applicable to a future reporting period, such as deferred charges on
refunding and amounts related to pensions and OPEB. Deferred inflows of resources are amounts that
are applicable to a future reporting period, such as unearned revenue collected in advance of meeting
timing requirements, amounts collected in advance of the fiscal year to which they apply or amounts
related to pensions and OPEB. Net position is a measure of the county’s financial position. Over time,
increases or decreases in net position can be an indicator of financial stability or instability.
TOTAL NET POSITION
ASSETS, DEFERRED
OUTFLOWS OF
RESOURCES
LIABILITIES (CURRENT
& LONG-TERM),
DEFERRED INFLOWS
OF RESOURCES
TOTAL NET
POSITION
NET POSITION IS THE DIFFERENCE BETWEEN WHAT
THE COUNTY OWNS AND WHAT THE COUNTY OWES
(PRIMARY GOVERNMENT)
Net Investment in
Capital Assets
$1,814.1M, 67%
Restricted
$98.1M, 4%
Unrestricted
$774.6M, 29%
NET POSITION
(IN MILLIONS)2021 2020 2019
NET INVESTMENT IN
CAPITAL ASSETS $1,814.1 $1,714.1 $1,649.8
RESTRICTED $ 98.1 $ 59.5 $ 70.9
UNRESTRICTED $ 774.6 $ 668.5 $ 523.9
9
PRIMARY GOVERNMENT NET POSITION
FY2021
GOVERNMENTAL
ACTIVITIES
FY2021
BUSINESS-TYPE
ACTIVITIES
TOTAL FY2021 TOTAL FY2020 TOTAL FY2019
CURRENT ASSETS $1,354,813,009 $535,730,052 $1,890,543,061 $1,652,302,185 $1,430,700,798
CAPITAL ASSETS $1,360,519,193 $945,321,242 $2,305,840,435 $2,188,378,291 $2,047,093,525
DEFERRED OUTFLOWS $106,482,783 $4,886,171 $111,368,954 $69,390,601 $39,532,324
TOTAL ASSETS AND DEFERRED
OUTFLOWS $2,821,814,985 $1,485,937,465 $4,307,752,450 $3,910,071,077 $3,517,326,647
CURRENT LIABILITIES $185,233,725 $15,417,088 $200,650,813 $211,280,035 $159,893,221
LONG-TERM LIABILITIES $1,125,717,215 $52,637,479 $1,178,354,694 $1,020,832,203 $888,308,698
DEFERRED INFLOWS $239,876,760 $2,057,505 $241,934,265 $235,853,073 $224,546,047
TOTAL LIABILITIES AND DEFERRED
INFLOWS $1,550,827,700 $70,112,072 $1,620,939,772 $1,467,965,311 $1,272,747,966
NET INVESTMENT IN CAPITAL
ASSETS $901,172,315 $912,962,124 $1,814,134,439 $1,714,061,690 $1,649,748,241
RESTRICTED $84,527,153 $13,525,708 $98,052,861 $59,490,401 $70,885,618
UNRESTRICTED $285,287,817 $489,337,561 $774,625,378 $668,553,675 $523,944,822
TOTAL NET POSITION $1,270,987,285 $1,415,825,393 $2,686,812,678 $2,442,105,766 $2,244,578,681
TOTAL NET POSITION IS COMPRISED
OF THREE MAJOR CATEGORIES
1
2
3
NET INVESTMENT IN CAPITAL ASSETS:
AMOUNT INVESTED IN CAPITAL ASSETS LESS ACCUMULATED
DEPRECIATION AND OUTSTANDING BALANCE OF ANY DEBT USED
FOR CONSTRUCTION OR ACQUISITION OF THE ASSETS
RESTRICTED NET POSITION:
AMOUNTS THAT HAVE LEGAL RESTRICTION ON HOW THE
RESOURCES MAY BE USED
UNRESTRICTED NET POSITION:
REMAINING AMOUNTS THAT CAN BE USED TO MEET THE
COUNTY’S ONGOING OBLIGATION TO VARIOUS CREDITORS
10
COUNTY-WIDE CAPITAL ASSETS
In accordance with the county’s charter, land, buildings, improvements other than buildings,
construction in progress, and accumulated depreciation associated with school assets are
reported as capital assets in the governmental net position of the county. Machinery and
equipment are reported on the school statements.
Buildings comprise 48% of the county’s capital assets. $1.0B, or 89%, of the $1.2B in buildings is
used for governmental activities.
Machinery and equipment comprise 34% of the county’s capital assets. $642.9M, or 80%, of the
$800.5M is used in business-type activities.
Roads are not included in the county’s capital assets as the state maintains the roads in
Chesterfield County.
TOTAL COUNTY-WIDE CAPITAL ASSETS $2.4 BILLION
Buildings
$1,151.7M, 48%
Machinery and Equipment$800.5M, 34%
Land$137.9M, 6%
Construction in Progress
$113.7M, 5%
Capacity Rights$67.3M, 3%
Improvements Other
Than Buildings
$73.6M, 3%
Infrastructure
$34.1M, 1%
11
COUNTY-WIDE LONG-TERM LIABILITIES
BONDS
GOVERNMENTAL
ACTIVITIES
BUSINESS-TYPE
ACTIVITIES SCHOOLS
FY2021
TOTAL
FY2020
TOTAL
FY2019
TOTAL
GENERAL OBLIGATION BONDS $534.6M - - $534.6M $511.8M $440.6M
REVENUE BONDS $192.2M $ 31.3M - $223.5M $139.7M $101.8M
OTHER BONDS, LOANS & LEASES $ 39.7M $ 1.9M $ 1.9M $ 43.5M $ 58.1M $ 70.7M
TOTAL $766.5M $ 33.2M $ 1.9M $801.6M $709.6M $613.1M
OTHER LONG-TERM DEBT
GOVERNMENTAL
ACTIVITIES
BUSINESS-TYPE
ACTIVITIES SCHOOLS
FY2021
TOTAL
FY2020
TOTAL
FY2019
TOTAL
NET PENSION LIABILITIES $246.2M $ 10.9M $585.6M $842.7M $737.5M $658.8M
NET OPEB LIABILITIES $ 61.0M $ 5.4M $220.2M $286.6M $315.5M $322.9M
COMPENSATED ABSENCES $ 35.5M $ 2.4M $ 21.6M $ 59.5M $ 51.2M $ 44.9M
JUDGMENTS AND CLAIMS $ 16.6M $ 0.8M $ 4.2M $ 21.6M $ 23.7M $ 29.4M
TOTAL $359.3M $ 19.5M $831.6M $1,210.4M $1,127.9M $1,056.0M
The county also received a favorable score on its first ever ESG assessment from Moody’s, one of the nation’s three
largest bond rating agencies. The ESG assessment is an analysis of the environmental, social and governmental
risks and benefits that can affect an organization’s credit rating. This analysis includes assessing issuers’ risks related
to environmental factors such as climate change, carbon transition, water management, waste and pollution
and natural capital; social factors such as access to basic services, demographics, education, health and safety,
housing and labor, and income; and governance factors such as institutional structure, policy creditability and
effectiveness, budget management and transparency and disclosure. As other rating agencies expand their ratings
methodology to include ESG factors, we anticipate the county will achieve the highest possible ratings assigned to
local governments.
Chesterfield County has maintained its AAA rating from all three major rating agencies for the past twenty-four
years, a designation that only about one percent of counties nationwide have earned. This allows the county to
borrow funds at the lowest available rates.
Net Pension Liabilities
$842.7M, 42%
General Obligation Bonds
$534.6M, 27%
Revenue Bonds$223.5M, 11%
Net OPEB Liabilities
$286.6M, 14%
Other Bonds, Loans & Leases
$43.5M, 2%
Other Long-term Debt*
$81.1M, 4%
TOTAL LIABILITIES$2.0 BILLION
*Includes compensated absences and other judgments and claims
12
GENERAL FUND
The general fund is the general operating fund for the county and is used to account for all
financial resources, except those required to be accounted for in another fund. The general fund
supports the daily operations for many of the core programs and services of the county, including
education, public safety, human services, and general government operations.
GENERAL FUND REVENUES TOTAL $860.0 MILLION
EDUCATION AND PUBLIC SAFETY ACCOUNT FOR $445.5M OR 63% OF
TOTAL GENERAL FUND EXPENDITURES
General Property Taxes
$536.0M, 62%
Other Local Taxes
$130.4M, 15%
Permits, Fees, Fines
& Other
$23.1M, 3%
Charges for
Services
$15.0M, 2%
State
$88.4M, 10%
Federal
$67.1M, 8%
GENERAL FUND
REVENUES (IN MILLIONS)2021 2020 2019
GENERAL PROPERTY TAXES $536.0 $494.1 $468.7
OTHER LOCAL TAXES $130.4 $118.2 $114.5
STATE REVENUE $ 88.4 $ 89.7 $ 89.6
FEDERAL REVENUE $ 67.1 $ 16.0 $ 10.1
PERMITS, FEES, FINES &
OTHER $ 23.1 $ 34.5 $ 33.6
CHARGES FOR SERVICES $ 15.0 $ 16.3 $ 15.8
GENERAL FUND
EXPENDITURES (IN MILLIONS)2021 2020 2019
EDUCATION $241.9 $237.6 $249.2
PUBLIC SAFETY $202.6 $184.0 $181.2
DEBT SERVICE $ 82.5 $ 78.6 $ 70.0
GENERAL GOVERNMENT $ 65.2 $ 56.8 $ 55.2
HEALTH & WELFARE $ 36.0 $ 34.7 $ 32.0
PUBLIC WORKS $ 21.6 $ 21.2 $ 20.5
PARKS, RECREATION & CULTURAL $ 21.0 $ 22.0 $ 22.8
COMMUNITY DEVELOPMENT $ 20.8 $ 20.5 $ 23.1
ADMINISTRATION OF JUSTICE $ 10.7 $ 10.4 $ 10.1
Education
$241.9M, 34%
Public Safety
$202.6M, 29%
Debt Service
$82.5M, 12%
General
Government
$65.2M, 9%
Health & Welfare
$36.0M, 5%
Public Works$21.6M, 3%
Parks, Recreation
and Cultural
$21.0M, 3%
Community
Development
$20.8M, 3%Administration of Justice
$10.7M, 2%
GENERAL FUND EXPENDITURES TOTAL $702.3 MILLION
13
GENERAL FUND
FUND BALANCE
The county’s general fund total fund balance for FY2021 was $548.2M, an increase of $108.9M over the
prior year. This includes $64.8M in unassigned fund balance. The county’s unassigned general fund fund
balance has been built up over the years to provide the county with sufficient working capital to finance
unforeseen emergencies without borrowing.
UNRESTRICTED
RESTRICTED COMMITTED ASSIGNED UNASSIGNED
EXTERNALLY IMPOSED
(SUCH AS BY DEBT
COVENANTS, GRANTOR
REQUIREMENTS OR
OTHER GOVERNMENTS)
OR IMPOSED BY LAW
MUST BE USED FOR
SPECIFIC PURPOSE
EXPRESSED BY FORMAL
ACTION OF THE COUNTY
BOARD
TO BE USED FOR
SPECIFIC PURPOSE,
BUT DOES NOT
MEET THE CRITERIA
TO BE CLASSIFIED
AS RESTRICTED OR
COMMITTED
RESIDUAL, SPENDABLE
AMOUNTS NOT
INCLUDED IN OTHER
CLASSIFICATIONS
$25,281,349 $1,933,701 $456,225,565 $64,800,400
GENERAL FUND-FUND BALANCE TOTAL $548.2 MILLION
GENERAL FUND
FUND BALANCE
(IN MILLIONS)
2021 2020 2019
ASSIGNED $456.2 $350.5 $295.6
UNASSIGNED $ 64.8 $ 63.0 $ 63.0
RESTRICTED $ 25.3 $ 24.1 $ 23.3
COMMITTED $ 1.9 $ 1.7 $ 1.7
Restricted
$25.3M, 5%Committed
$1.9M, <1%
Assigned
$456.2M, 83%
Unassigned
$64.8M, 12%
14
SCHOOL OPERATING FUND
Chesterfield County Public Schools is a discretely
presented component unit in the county’s ACFR.
Data is presented on a budgetary basis.
The total revenues of $757.6M include other
financing sources, as shown below in the table, by
source.
The total expenditures of $761.6M includes other
financing uses-transfer to School Capital Projects
Fund and County Healthcare Fund.
TOTAL REVENUES $757.6 MILLION
SCHOOL OPERATING
REVENUES (IN MILLIONS)2021 2020 2019
CHARGES FOR SERVICES $ 2.2 $ 11.4 $ 14.5
OTHER REVENUE $ 3.3 $ 4.0 $ 5.8
STATE REVENUE $395.1 $366.5 $348.6
FEDERAL REVENUE $ 59.8 $ 39.3 $ 43.2
OTHER FINANCING SOURCES:
GENERAL FUND TRANSFER
FROM COUNTY $294.8 $287.9 $295.6
OTHER TRANSFERS $ 1.5 $ 1.5 $ 1.4
DEBT (NET)$ 0.9 $ 0.1 $ 6.2
SCHOOL OPERATING
EXPENDITURES
(IN MILLIONS)
2021 2020 2019
INSTRUCTION $518.1 $492.4 $486.3
OPERATIONS & MAINTENANCE $ 66.8 $ 53.2 $ 53.2
DEBT SERVICE $ 58.4 $ 55.0 $ 51.2
PUPIL TRANSPORTATION $ 33.2 $ 35.9 $ 39.5
FOOD SERVICE $ 19.7 $ 24.6 $ 25.0
TECHNOLOGY $ 24.5 $ 18.8 $ 20.9
ADMINISTRATION, ATTENDANCE
& HEALTH $ 23.3 $ 20.7 $ 20.5
TRANSFERS $ 17.6 $ 11.8 $ 7.7
Instruction
$518.1M, 68%
Operations & Maintenance$66.8M, 9%
Debt Service
$58.4M, 8%
Pupil Transportation
$33.2M, 4%
Food Service
$19.7M, 3%
Technology$24.5, 3%
Administration,
Attendance & Health
$23.3M, 3%Transfers
$17.6M, 2%
TOTAL EXPENDITURES $761.6 MILLION
Charges for Services
$2.2M, <1%
Other Revenues
$3.3M, <1%Federal
$59.8M, 8%
Other Financing
Sources
$297.2M, 39%
State
$395.1M, 52%
15
MISSION
VISION VA
L
U
E
S
Providing a FIRST CHOICE community
through excellence in public service
To be an extraordinary and innovative
community in which to live, learn, work,
and play.
RESULTS
We focus on outcomes that add value
INNOVATION
We look for new ways to solve problems and new
approaches to service delivery
SERVICE
We seek to understand and respond
appropriately to customers’ key needs
ETHICS
We are honest, transparent, and contribute to
the county’s reputation
GOAL: Demonstrate excellence in public service with a commitment to fiscal stewardship and efficient use of resources
EVERYDAY EXCELLENCE
OBJECTIVES
1.1 Promote trust and transparency that
strengthens community engagement
1.2 Continuously improve our service-centric
culture
1.3 Model financial integrity, considering
regional and private partnerships as
appropriate
1.4 Invest in employee engagement
SAFE AND SECURE COMMUNITY
GOAL: Partner with the community to provide safe and secure surroundings through prevention, readiness, and professional response
OBJECTIVES
2.1 Increase safety and preparedness through
prevention
2.2 Foster positive and respectful community
relationships
2.3 Reduce repetitive incidents that negatively
impact resources
2.4 Respond promptly, professionally, and
efficiently to service calls
HEALTHY LIVING AND WELL-BEING
GOAL: Promote healthy, active lifestyles while fostering self-sufficiency and quality of life
OBJECTIVES
4.1 Provide critical and easily accessible
resources to help individuals flourish
4.2 Inspire neighbor-to-neighbor relationships
4.3 Encourage healthy lifestyles
4.4 Demonstrate readiness for shifting
demographics
LEARNING FOR A LIFETIME
GOAL: Support a range of learning
opportunities that sustains quality of life,
employment, and well-being
OBJECTIVES
6.1 Collaborate with Chesterfield County Public
Schools to position students for lifelong
success
6.2 Provide access to learning and enrichment
opportunities for citizens of all demographics
6.3 Equip the workforce with skills to meet
changing business needs
THRIVING COMMUNITIES
GOAL: Enrich quality of life, enhance community attractiveness, and preserve natural resources
OBJECTIVES
5.1 Foster long-lasting communities with
unique identities
5.2 Enhance, restore, and maintain
neighborhoods and communities using public
and private efforts
5.3 Continuously improve public infrastructure
and facilities
5.4 Responsibly attend to the environment
ROBUST ECONOMY
GOAL: Foster a vibrant economy that
provides quality jobs, enhances economic
opportunities, and ensures business diversity
OBJECTIVES
3.1 Attract and retain a variety of business
sectors to match the talents of existing and
future citizens
3.2 Expand available jobs so more residents
can work in the county
3.3 Provide services and venues that
encourage residents to stay and visitors to
return
STRATEGIC PLAN FY20-24
16
CHESTERFIELD COUNTY BOARD OF SUPERVISORS
This document was prepared by the Accounting Department.
For comments or questions call 804-748-1673 or email contactacctg@chesterfield.gov
CHESTERFIELD COUNTY, VIRGINIA
POPULAR ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2021
(Listed from left to right)
Jim Ingle, Bermuda District; Chair Jim Holland, Dale District; Leslie Haley, Midlothian District;
Vice-Chair Chris Winslow, Clover Hill District; Kevin Carroll, Matoaca District