The City of Parkville published its expanded 2020 Budget document. In December, the Parkville Board of Aldermen adopted the fiscal year 2020 budget and 2020-2025 Capital Improvement Program (CIP) ordinance. The City’s budget includes 16 governmental funds and totals approximately $10.3 million. In addition to the operating budget, the 2020 CIP, totaling approximately $6.8 million, prioritizes capital projects and establishes a financing strategy for completing each project in 2020.
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 2019 for the fourth year in a row, the City received a Government Finance Officers Association Distinguished Budget Presentation Award for the City of Parkville 2019 Annual Budget. It is the highest form of recognition and the only national awards program in governmental budgeting. Only 20 municipalities statewide received the award in 2019, 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 2020. The Board of Aldermen held a strategic planning session in August 2019 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 2020 budget maintains essential services at current levels and directs limited additional resources toward the five critical success factors, of which the 2020 budget focuses on addressing.
Highlights of the 2020 budget include:
- The Board continues to strategically maintain reserves beyond the minimum target of 25 percent, in accordance with adopted Neighborhood Improvement District Financing Strategy. In 2019, outside development allowed the previously tied funds to be used for more capital improvements.
- The entirety of the 2020-2025 CIP includes $15.3 million of capital improvements, with a 2020 budget of $6.8 million; large projects to be done in 2020 include the Master Plan Update, continued storm sewer evaluation and repair, continued mill and overlay program, and phases 1 and 2 of the Route 9 reconstruction from Highway 45 to Lakeview Drive.
- A new Parks Sales Tax Fund has been created, thanks to Parkville voters to approve the half cent sales tax. With these new funds, the City will be able to implement the 2016 Parks Master Plan. Major 2020 projects include neighborhood park improvements, a dog park shade structure, pickleball courts and engineering of Platte Landing Park baseball and multipurpose fields.
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 2020 budget became effective January 1, 2020. The final budget document is available on the City website at https://parkvillemo.gov/download/Final2020Budget.pdf.
For more information about the budget document, please contact Assistant to the City Administrator Anna Mitchell at (816) 741-7676.