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Fiscal Year 2018 Proposed Operating Budget and Capital Improvements Program
(July 1, 2017 - June 30, 2018)

FY 2018 Budget Process

February 27, 2017

March 2, 2017

March 6, 2017

April 3, 2017

April 7, 2017
  • Close of Budget Record

April 17, 2017

May 1, 2017

Fiscal Year 2017 Adopted Operating Budget and Capital Improvements Program 
(July 1, 2016 - June 30, 2017)

The Fiscal Year (FY) 2017 operating budget for all funds equals $126.3 million, an increase of 2.3 percent over last year's budget.  The General Fund budget, which is balanced with a $250,000 use of reserves, equals $77.2 million, an increase of 3.5 percent over FY 2016.  The City's property tax rates will remain unchanged at $0.292 per $100 of assessed value for real property and $0.805 for personal property.

The FY 2017 budget supports several of the Mayor and Council's priority initiatives, including: enhanced programming and outreach for the City's senior population, an economic incentives program to attract and retain businesses, and repairs and rehabilitation to the King Farmstead Dairy Barns.  The FY 2017 operating and capital budgets also include new funding for repairs and rehabilitation to the Rockville Skate Park, parking improvements at the Glenview Mansion, major repairs and renovations to the Swim and Fitness Center, ongoing concrete and asphalt repair and replacement, improvements to City facilities and parks to comply with the Americans with Disabilities Act, and replacement and purchase of Police in car and body cameras.

Below are two links for the FY 2017 budget.  The first link is the complete budget document in pdf format. The second link is 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