Budgets

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Donation Requests

The Floyd Town Council will accept annual donation requests through March 31st.

The maximum donation request is $2,500 per organization. All requests will be reviewed by the Town Council & Financial Committee as part of the annual budget process. Submission of a request does not guarantee funding.

Organizations wishing to request funding must submit the following information no later than the deadline:

• A formal letter requesting funding that clearly states:

  • The amount of funds requested

  • The intended use of the requested funds

  • How the funds will be matched by other donations, in accordance with the Town’s Policy for Donations to Local Organizations

• Current financial documentation, including:

  • Your organization’s most recent annual balance sheet

  • A current profit and loss statement

First-time applicants are required to provide an update and overview of their organization at one of the Council’s upcoming meetings. Please contact the Town Office to schedule a presentation date and time. (Typically completed during the April/May Town Council regularly scheduled meetings)

If awarded, donations will not be disbursed until after the new fiscal year begins on July 1st. At that time, a formal request letter addressed to the Town of Floyd must be submitted for payment processing. The Town Manager will notify all recipients of their approved award amounts once the budget is formally adopted, which typically occurs in mid-June.

All submissions may be delivered to the Town Office by mail, hard copy, or email and must be received on or before March 31st at the addresses listed below.

Town Of Floyd- PO BOX 27. Floyd, VA 24091 / Andrew@townoffloyd.org

Please contact the Town Office if you have any questions. 540.745.2565

Policy for Donations to Local Organizations.2.19.26