Budget

The budget is a blueprint for building a sound financial framework for town operations. It ensures the town's resources are allocated toward the priorities identified by the Board of Commissioners. Specifically, the budget is a financial plan consisting of an estimate of proposed expenditures, the proposed means of financing and the goals and objectives of expenditures for the fiscal year (July 1-June 30).

The fiscal year 2016-17 budget was the 16th to receive the Distinguished Budget Presentation Award from the Government Finance Officers Association, the highest national award in governmental budgeting.

Fiscal Year 2019-20 Annual Budget and Financial Plan Workbook

Fiscal Year 2019-20 Budget Ordinance

Fiscal Year 2019-20 Fee Schedule

Hillsborough uses the balanced scorecard, a system of measures that helps the town implement its objectives. Each department has a scorecard with specific initiatives, targeted outcomes for the initiatives and ways to measure performance. The system is more fully explained in the article below, written by William C. Rivenbark, a UNC School of Government faculty member, and Eric J. Peterson, Hillsborough's town manager.

Additionally, the town's departmental priorities system helps departments and the Board of Commissioners refine focus on top priorities and reduce distractions from those priorities. Departments present their top priorities for each upcoming fiscal year with the town’s draft budget and provide mid-year and year-end updates to the board.

The Hillsborough Results! report below combines the balanced scorecard and departmental priorities in a single document.

A Balanced Approach to Implementing the Balanced Scorecard

Fiscal Year 2017-18 Hillsborough Results!