Parkville City Administrator Alexa Barton presented the department requests for the 2024 Budget at a Board of Aldermen work session on Tuesday, October 17. Coming up, Barton will present the proposed budget for fiscal year 2024 to the Mayor and Board of Aldermen on November 7.
The budget process commenced in April when the Board of Aldermen and senior leadership met to review the City’s Strategic Plan (https://parkvillemo.gov/download/StrategicGoals2023-2024.pdf) and held follow-up meetings to review goals and projects that correlate to the strategic plan, as well as approving the Capital Improvement Program (CIP) (https://parkvillemo.gov/download/2024-2028CIP.pdf) on October 17.
Additional work sessions to review the proposed budget with the Board of Aldermen will occur on Tuesday, November 7 and Tuesday, November 21, leading up to the anticipated final approval of the budget at the Board of Aldermen meeting on Tuesday, December 5.
The City continues to invest into infrastructure maintenance. Over the next five years, Barton is proposing over $10 million in CIP projects, with an additional $5 million in grant funding to address highway improvements – of which nearly $2.7 million is designated for 2024. The CIP proposes major public construction projects in the categories of General (technology and fleet), Parks, Nature Sanctuary, Transportation, Sanitary Sewer and Police.
The CIP is funded through a number of different operating and capital funds. Revenues for these funds come from multiple sources, including sales taxes, building fees, permits and transfers from other funds according to pre-established formulas or funding needs. A few of the major project proposals for fiscal year 2024 include:
- 9 Highway Improvement(s): $7,000,000 (pending outcomes of Proposition T and Platte County Grant)
- Farmers Market: $1,600,000 (pending outcome of Platte County Grant, $1,000,000 requested)
- Platte Landing Park Pedestrian Bridge: $125,000
- Police Substation (west location): $100,000
- Sanitary Sewer (Pump/Lift Station, Treatment and Replacements): $709,000
- Transportation: $450,000 (pending outcome of Proposition T)
- Storm Sewer Assessment/Master Plan: $100,000
The City’s fiscal year runs from January 1 through December 31 and provides a transparent spending plan that represents the Board of Aldermen’s priorities and reflects expected revenue and expenditures. State law requires that cities operate under a balanced budget. Unlike the federal government, local governments are not allowed to deficit spend.
Budget development begins in April each year and involves a team effort from the City Administrator, Deputy City Administrator/Finance Director and senior leadership to ensure government resources are having the greatest service impact to our citizens. Staff takes into account the public service needs of the community, the Strategic Plan and the goals and objectives of the Mayor and Board of Aldermen.
The City’s budget has consistently satisfied nationally recognized guidelines designed to assess how well the budget serves as a policy document, a financial plan, an operations guide and a communications device. This budget directs which major construction projects the City will undertake in fiscal year 2024.
The Planning and Zoning Commission reviewed the 2024-2028 CIP and related budget(s) on September 11. The Community Land and Recreation Board reviewed the CIP and related budget(s) on August 9.
Residents are invited to weigh in on the City Administrator’s proposed budget at the following meetings:
- 5:00 p.m. Work Session of Proposed Budget: Tuesday, November 7 at City Hall
- 5:00 p.m. Work Session of Proposed Budget and First Reading of Final Budget: Tuesday, November 21 at City Hall
- 7:00 p.m. Second Reading and Approval of Final Budget: Tuesday, December 5 at City Hall
The Board of Aldermen will give its final approval of the budget for fiscal year 2024 on December 5.
To view the FY 2024 proposed operating and CIP budgets, visit https://parkvillemo.gov/government/city-budget/.