Each year, the Parkville Board of Aldermen, with recommendations from City staff, must develop a budget for the following fiscal year, which runs from January through December 31. The operating budget serves as a plan for the City on how resources will be raised and allocated in order to provide quality services to residents and provides accountability to Parkville residents on how the City spends money.
In addition to the operating budget, the City has a 5-year Capital Improvement Program (CIP). The CIP is a planning document that prioritizes capital projects and establishes a financing strategy for completing each project.
The budget process is an on-going process that occurs throughout the year. It begins with an evaluation of the City’s financial condition and long-range forecasting for revenues available to meet operating and capital needs. Final Board of Aldermen review and adoption of the budget generally occurs in December. The budget is effective January 1.
- 2024 Budget
- 2023 Budget (current)