Town of Herndon Adopts FY 2014 Annual Report

Herndon Town Council adopted the Town Manager’s Annual Report for fiscal year 2014 at its meeting Tuesday evening. The report outlines the events, programs and projects undertaken throughout the fiscal year, which began July 1, 2013 and ended June 30, 2014.

“Fiscally, the town completed a very successful year with a net increase in revenues, based upon stronger-than-expected collections of business and professional license (BPOL) taxes and controlled operating expenditures. This resulted in a year-end unassigned fund balance that is at its highest level in more than a decade, providing resources for future capital projects,” said Town Manager Art Anselene in an executive summary of the report.

During FY 2014, the town advanced many of its objectives outlined in the town’s long-term growth plan, “2030: A Vision for the Town of Herndon,” including:

• Plan for development and redevelopment at the future Herndon Metrorail Station and in Herndon’s downtown
• Recruit a new economic development manager
• Expand the Town of Herndon’s “Count ON Us” service initiative

Click here to view the summary and full report, which are available on the town’s website at www.Herndon-va.gov.