The City of Parkville published its expanded 2019 Budget document. In December, the Parkville Board of Aldermen adopted the fiscal year 2019 budget and 2019-2024 Capital Improvement Program (CIP) ordinance. The City’s budget includes 16 governmental funds and totals approximately $11 million. In addition to the operating budget, the 2019 CIP, totaling approximately $3.1 million, prioritizes capital projects and establishes a financing strategy for completing each project in 2019.
The expanded budget document provides additional information, beyond the budget ordinance, that helps communicate to the public not only the City’s revenues and projected expenditures for the upcoming year, but a vast amount of additional information. In addition to being a financial plan, the document is a policy document, an operations guide and a communication device for the benefit of taxpayers.
In 2018 for the third year in a row, the City received a Government Finance Officers Association Distinguished Budget Presentation Award for the City of Parkville 2018 Annual Budget. It is the highest form of recognition and the only national awards program in governmental budgeting. Only 15 municipalities statewide received the award in the first three quarters of 2018, putting Parkville among the top two percent of its peers for excellence in municipal budgeting.
The budget is the most significant document that the City prepares each year and is organized to convey the services being delivered to the community in 2019. The Board of Aldermen held a strategic planning session in August 2018 to review community priorities and set organizational goals. The Board identified five critical success factors to achieve the City’s mission: basic services, infrastructure, economic development, parks and finances. The 2019 budget maintains essential services at current levels and directs limited additional resources toward the five critical success factors, of which the 2019 budget focuses on addressing.
Highlights of the 2019 budget include:
- Year-end expense savings in the General Fund primarily due to personnel and legal services savings, as well as CIP projects that were postponed to 2019.
- The Board continues to strategically maintain reserves beyond the minimum target of 25 percent, in accordance with adopted Neighborhood Improvement District Financing Strategy, in order to make the payment of bond principal, interest and fees to the Brink Meyer Debt Service Fund and Brush Creek Debt Service Fund.
- The entirety of the 2019-2024 Capital Improvement Program includes $9 million of capital improvements, with a 2019 budget of $3.1 million; large projects to be done this year include completion of the English Landing Park low water crossing, beginning construction on the Route 9 street project and completing priorities identified in the 2008 Sanitary Sewer Evaluation Study and subsequent closed circuit television inspections.
- The 2019 Debt Service includes the second payment toward the increased street maintenance program which allowed for the repair of 40 streets and an increase in the overall street rating; the City will continue to pay interest and fees annually through 2022.
- A new fund was approved for the 2019 budget. The Veterans Memorial Donation Fund will be used to house donations given for the construction of the planned Veterans Memorial to be placed in English Landing Park.
Mayor Johnston said, “I want to thank the City staff who worked hard to prepare the annual budget that will guide City operations this year. I appreciate the effort of the staff each year to analyze budget recommendations and respond to questions from the Board of Aldermen. We are proud of the budget document, its purpose of promoting transparency in government and the opportunity to better communicate with our residents how we proposed to spend their tax dollars.”
The 2019 budget became effective January 1, 2019. The final budget document is available on the City website at https://parkvillemo.gov/download/Final2019Budget.pdf.
For more information about the budget document, please contact Assistant to the City Administrator Anna Mitchell at (816) 741-7676