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Budget
*NEW* Community Budget Survey
The Fiscal Year 2019 Budget Survey gathers information about your priorities for the upcoming budget. This survey has three questions and should take about five minutes to complete. Thank you in advance for your input.

Take Survey

Fiscal Year 2019 Budget Calendar
Budget Public Hearing
Date
Action Item
October 16, 2017 Budget Public Hearing
October 16, 2017 Budget Preview and Priority Discussion
Budget Preview Presentation
November 13, 2017 Budget Public Hearing
November 20, 2017 Mayor and Council Budget Survey Results and Priorities
December 11, 2017 Water and Sewer Rate Presentation 
January 8, 2018 Water and Sewer Rate Public Hearing 
February 26, 2018 Presentation of FY 2019 Proposed Budget
March 5, 2018 Mayor and Council Budget Worksession
March 19, 2018 Budget Public Hearing 
April 9, 2018 Budget Public Hearing 
April 13, 2018 Budget Public Record Closes 
April 23, 2018 Mayor and Council Budget Worksession 
May 14, 2018 Adoption of the FY 2019 Budget 

Fiscal Year 2018 Adopted Operating Budget and Capital Improvements Program 

(July 1, 2017 - June 30, 2018)

The Fiscal Year (FY) 2018 operating budget for all funds equals $130.3 million, an increase of 3.2 percent over last year's budget. The General Fund budget, equals $79.7 million, an increase of 3.3 percent over FY 2017. The City's property tax rates remain the same at $0.292 per $100 of assessed value for real property and $0.805 for personal property.

The Fiscal Year 2018 budget utilizes available resources in an effective and responsible manner, and is consistent with the policy direction set forth by the Mayor and Council. The budget focuses on the health and safety of our residents, business owners, and employees; new or expanded City programs and services; and critical infrastructure improvements. 

Below are two links for the FY 2018 budget. The first link provides the complete budget document in pdf format. The second link provides a Microsoft Excel spreadsheet that contains the revenue and expense line items from the operating budget. This Excel workbook allows users to manipulate and sort the budget data using Excel functions and tools. 


What We Do
The City of Rockville Charter requires the City Manager to submit an annual budget to the Mayor and Council at least one month before the beginning of each fiscal year. In addition to the operating budget, a five-year Capital Improvements Program (CIP) budget is presented for the Mayor and Council's consideration. The budget is approved in the form of an appropriations ordinance. The City's fiscal year begins on July 1.

Operating Budget
 
The Operating Budget is an annual document that provides stakeholders and staff with detailed information about the City’s operations and spending. The Operating Budget serves as a policy document, financial plan, operations guide, and communications device. The preparation of the budget is guided by the City's major policy documents.

Capital Improvements Program (CIP) Budget
The CIP maps the City’s capital investment plan over a five-year period. The CIP is both a fiscal and planning device that allows the City to inventory and monitor all capital project costs, funding sources, departmental responsibilities, and project schedules.

Past Budget Documents