The City of Parkville has published its expanded 2018 Budget document. In December, the Parkville Board of Aldermen adopted the fiscal year 2018 budget and 2018-2023 Capital Improvement Program (CIP) ordinance. The City’s budget includes 15 governmental funds and totals approximately $10.5 million. In addition to the operating budget, the 2018 CIP, totaling approximately $1.1 million, prioritizes capital projects and establishes a financing strategy for completing each project in 2018. The final budget document is available on the City’s website.
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 2017 for the second year in a row, the City received a Government Finance Officers Association of the United States and Canada Distinguished Budget Presentation Award for the 2017 annual budget. It is the highest form of recognition and the only national awards program in governmental budgeting. Only 26 municipalities statewide received the award in 2017, putting Parkville among the top three 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 2018. The Board of Aldermen held a strategic planning session in August 2017 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 2018 budget maintains essential services at current levels and directs limited additional resources toward the five critical success factors, of which the 2018 budget focuses on addressing.
Highlights of the 2018 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 2018.
- 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 2018-2023 Capital Improvement Program includes $9.47 million of capital improvements, with a 2018 budget of $1.1 million; large projects to be done this year include construction of the English Landing Park low water crossing, continuance of the Downtown Manhole Reconstruction project, the initiation of construction on the Route 9 street project, and the purchase of a new Police patrol car.
- The 2018 Debt Service includes the first payment toward the increased street maintenance program which allowed for the repair of 40 streets and an increase in the overall street rating; interest and fees will be paid beginning in 2018 and the next four years.
- Funding for the partial implementation of the Compensation and Benefit Study completed in 2017.
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 while handling their routine duties. 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 2018 budget became effective January 1, 2018. The final budget document has been prepared and is available on the City website at https://parkvillemo.gov/download/FINAL2018Budget.pdf.
For more information about the budget document, please contact Assistant to the City Administrator Anna Mitchell at (816) 741-7676.