Explore RockvilleHow Do I?
Click to Home
Go To Search
PrintEmail
Rockville Connect
Budget

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.

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.

FY 2015 Budget Preparation
The City Manager presented the Fiscal Year 2015 proposed operating and capital improvements program (CIP) budgets
on March 17, 2014. The FY 2015 proposed operating budget for all funds equals $116.8 million, an increase of 2.5 percent over the adopted FY 2014 budget. The proposed FY 2015 General Fund budget equals $69.1 million, an increase of 0.1 percent over the adopted FY 2014 General Fund budget. The real property tax rate of $0.292 per $100 of assessed valuation is proposed to remain the same for FY 2015.

FY 2015 Budget Calendar

Presentation:  FY 2015 Budget Worksession - CIP Budget and Utility Rates (April 7, 2014)
Presentation:  FY 2015 Budget Worksession - Operating Budget (March 31, 2014)
Presentation:  Presentation of the FY 2015 Operating and CIP Budgets (March 17, 2014)
Presentation:  FY 2015 Budget Preview (February 10, 2014)
Presentation:  FY 2015 Budget Preview - All Funds Overview (December 9, 2013)


Adopted Fiscal Year 2014 Budget (July 1, 2013-June 30, 2014)
The Fiscal Year 2014 Budget for all funds equals $113.9 million, an increase of 6.4 percent over FY13. The General Fund budget equals $69.0 million, an increase of 5.7percent. The FY13 real property tax rate of $0.292 per $100 of assessed valuation will remain the same for FY14. 

The FY14 budget includes the following utility rates:
  • A stormwater utility rate of $99.65 per equivalent residential unit (ERU). Each residential property will pay $99.65 or one ERU per year, and each commercial property will pay $99.65 multiplied by the number of ERUs measured on their property.
  • Water usage rates of $5.05 per 1,000 gallons for the first 12,000 gallons used in the quarter, $7.27 per 1,000 gallons for the next 12,000 gallons used in the quarter, and $7.80 per 1,000 gallons for usage beyond 24,000 gallons.
  • Sewer rate of $6.25 per 1,000 gallons.
  • Refuse rate of $372.00 per residential property per year. 


Past Budget Documents