The Parkville 2014 Budget Document has been finalized and is now available on the website in the financial documents section. The operating budget includes projected revenues and expenses for 13 governmental funds: General Fund, Emergency Reserve Fund, Debt Service Funds (3), Transportation Fund, Economic Development Fund, Equipment Reserve Fund, Nature Sanctuary Donations Fund, Fewson Fund, Parks Donations Fund, Projects Fund, and Sewer Enterprise Fund. The total operating budget is just over $11 million. The 2014 Budget was passed on December 3rd, 2013 within the time frames established by the annual budget calendar.
In addition to the operating budget, the City now has a 6-year Capital Improvement Program (CIP). The 2014 – 2019 CIP is a planning document that prioritizes capital projects and establishes a financing strategy for completing each project. The 2014 CIP includes $1,465,757 of capital improvements with a budget impact of $1,028,757. The City’s portion of the 2014 CIP (budget impact) is budgeted to be funded as follows: Sewer Fund (46%), Transportation Fund (29%), General Fund (24%), and other funds (1%). The five-year plan (2015-2019) reflects the priorities of the governing body for the immediate future, but it will be evaluated on an annual basis and adjusted to reflect changing needs and conditions.
A direct link to the 2014 Budget can be found here.