Volume I: Executive Summary is intended for City Council and outlines the process, policies, and important issues of the Fiscal Year (FY) financial plan for Park City Municipal Corporation. The principal objective of Volume I is to clearly describe the City’s budget process and highlight proposed changes to the budget. City Council can then use this tool to provide policy direction during the budget process.
Volume II: Technical Data displays Park City’s budget in a much more detailed fashion than Volume I. The first half of the document shows information organized by municipal function and department. Function organizational charts, department descriptions, and performance measures are all included here. The second half presents the data by fund. The data in Volume II is intended for City Council and staff, but is available for those in the general public who may be interested.
Note: The Fiscal Year (FY) is different than a calendar year. The Fiscal Year begins on July 1st, and ends on June 30th of the following year. As an example, FY20 would begin on July 1st, 2019, and end on June 30th, 2020.
The intent of the Budget Guide is to provide residents and other interested parties with a simple, concise, and understandable overview of Park City's budget. The document addresses two questions: 1) How is the City funded? and 2) How are those funds spent?