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Rockville Connect
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