Closings - Fri., March 6, 2015
Office of the County Administrator
County Administrator's Biography
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County Administrator's Office
Responsible, Accountable Government
Principles of Responsible, Accountable Government
Maintain a AA+ bond rating and work toward AAA.
Fully fund our pension liability including full implementation of the state’s pension reform whereby employees pay approximately one-third of their pension costs.
Borrow money only for capital projects and borrow under strict debt limitations.
12% undesignated fund balance
Reserve for capital projects
Rainy Day Reserve (for unforeseen circumstances)
Stafford Opportunity Fund (for economic development projects)
Report weekly to the Board on costs savings and efficiencies
Estimate revenues very conservatively.
Spend less than adopted budgets.
Maintain lowest per capita expenditures among peer localities
Monitor expenses/revenues weekly.
Consistently use innovative practices to run government as efficiently as possible.
Provide monthly financial report to the community (via the Board’s statistical report and the Board’s Finance, Audit and Budget Committee’s newsletter).
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1300 Courthouse Road, Stafford, VA 22554 • Ph: (540) 658-8600 •