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  1. About the City Budget
FY21 Adopted Budget Cover

To view the Adopted Fiscal Year 2021 City Budget, click here.  FY2021 Budget in Brief Pamphlet

FY2021 Proposed Budget Ordinance - as Revised - with narrative and Summary Spreadsheets

Capital Improvement Program (Revised-Proposed) FY2021-FY2025

The City operates on a fiscal year, running from July 1 to June 30. The budget process begins in January with guidelines issued to department directors by the City Manager. Departmental requests are prepared and submitted in February. The City Manager meets with each department director to discuss their requests. Changes and revisions to the requests and revenue projections are incorporated into the Proposed Budget which is submitted to the Mayor & Council by the end of March.

The Mayor and Council hold two Saturday, day long work-sessions in March/April to review and discuss the Proposed Budget with the City Manager and directors. A budget ordinance is introduced at a regular meeting of the City Council in late April and a public hearing on that ordinance is held in early May. A budget ordinance is required by Charter to be adopted by May 31.

The basis of budgeting for all funds conforms to generally accepted accounting principles. The Budget is organized by groups of accounts known as Funds. Each Fund is considered a separate accounting entity with its own assets, liabilities, equity (fund balance), revenues and expenses.


INFO

Department of Finance

240.487.3509
financedepartment@collegeparkmd.gov

Printed Copies are Available:
Please email to request

Previous Adopted City Budgets
FY2020
FY2019
FY2018
FY2017
FY2016
FY2015
FY2014
FY2013

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FY2021 Budget Schedule

Below is the schedule for the FY2021 budget.  Schedule will be updated as necessary.

Operating Budget worksheets distributed to departments

December 23, 2019

Prepare the FY2021-FY2025 CIP (Staff input & document)

January 2020

FY21 Budget preview discussion with Mayor & Council            
*Review Cost/Fees Study

Tues. January 28, 2020

Mayor & Council requests for FY21 budget due

Fri. January 30, 2020

Prepare cost estimates of Mayor & Council requests
Revenue projections & payroll info prepared by Finance

January - February 2020

Department budget worksheets due – returned to Finance

Fri. January 31, 2020

Review of department operating budget submittals by City Manager and Finance Director with Dept. Director

Mon. Feb. 3 – Tues. February 11 

FY21 Proposed Budget & CIP distributed to Mayor & Council and posted on City website

Fri. March 13, 2020

Worksessions on the FY2021 Proposed Budget & CIP

FY2021 Budget Worksession Presentation

Saturday, March 28 @ 8 am
Tuesday, March 31 @ 7:30 pm
if needed

FY21 Budget ordinance introduced – City Council Meeting
(includes changes from budget worksessions)

Tues. April 28

Advertisement in Washington Post for Public Hearings on:

  • FY21 Proposed Budget & CIP
  • Constant Yield Tax Rate  (if needed)

Thurs. April 30

Hold Public Hearings on (1) FY2021 Proposed Budget & CIP and (2) Constant yield tax rate (if needed)

Tues. May 12

Worksession discussion of changes to the proposed budget as a result of the Public Hearings (if needed)

Tuesday May 19 (if needed)

Adopt FY21 budget ordinance (including CIP)

Tues. May 26

Effective date of FY21 Adopted Budget
FY2021 Budget in Brief Pamphlet

July 1, 2020

 

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