Explore RockvilleHow Do I?
Click to Home
Go To Search
Rockville Connect
Fiscal Year 2016 Proposed Operating Budget and Capital Improvements Program
(July 1, 2015 - June 30, 2016)

Fiscal Year 2016 Proposed Operating Budget in Microsoft Excel Format

As a new transparency initiative based on a suggestion from the City's Financial Advisory Board, the Budget Office is making available a line item version of the City's proposed and adopted budgets. The proposed budget is the City Manager's recommendation to the Mayor and Council, while the adopted budget is the final budget as adopted by the Mayor and Council. Therefore, the proposed budget should be viewed as a draft document. By clicking the link below, you can download line item versions of the budget in Microsoft Excel format.
Fiscal Year 2016 Budget Process

Meeting Date

Agenda Item

 November 24, 2014

 FY 2016 Budget Preview #1 - Overview of Funds

 January 5, 2015

 FY 2016 Budget Preview #2 - Survey Results and Policy Discussion

 February 9, 2015

 FY 2016 Budget Preview #3 - Major Changes and Property Tax Update

 March 9, 2015

 FY 2016 Budget Book Distributed

 March 23, 2015

 Presentation of Proposed Budget

 Mayor and Council Worksession #1

 March 30, 2015

 Public Hearing #1 

  Mayor and Council Worksession #2

 April 13, 2015

 Public Hearing #2

 Mayor and Council Worksession #3

 April 20, 2015

 Public Hearing #3

 April 27, 2015  Public Hearing #4

 April 28, 2015

 Close of Budget Public Record

 May 4, 2015

 Mayor and Council Worksession #4

 May 18, 2015

 FY 2016 Budget Adoption

Mayor and Council FY 2016 Budget Presentations

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.

Adopted Fiscal Year 2015 Budget (July 1, 2014-June 30, 2015)
The Fiscal Year 2015 Budget for all funds equals $118.0 million, an increase of 3.6 percent over FY14. The General Fund budget equals $70.4 million, an increase of 2.0 percent. The FY14 real property tax rate of $0.292 per $100 of assessed valuation will remain the same for FY15. 

The FY15 budget includes the following utility rates:
  • A stormwater utility rate of $112.15 per equivalent residential unit (ERU). Each residential property will pay $112.15 or one ERU per year, and each commercial property will pay $112.15 multiplied by the number of ERUs measured on their property.
  • Water usage rates of $5.45 per 1,000 gallons for the first 12,000 gallons used in the quarter, $7.85 per 1,000 gallons for the next 12,000 gallons used in the quarter, and $8.43 per 1,000 gallons for usage beyond 24,000 gallons.
  • Sewer rate of $6.63 per 1,000 gallons.
  • Refuse rate of $379.00 per residential property per year. 

Past Budget Documents