Budgets

The City of Danville is committed to providing the essential services and facilities that help maintain a high quality of life in our community. Every day, our employees work hard to support safe neighborhoods, quality streets and roads, attractive parks, abundant recreational programs, clean drinking water, and more. 

Our goal is to provide the services that our community values in a fiscally responsible manner. 

The City of Danville is beginning its FY 2024/2025 Budget Process, with a commitment to maintaining existing services, even as the City navigates rising costs that outpace year-over-year revenue projections. 

Community input is vital to budget planning and protecting the City of Danville's future.
We want to hear from you!

 

Please complete the FY 24-25 Budget Survey here 

The purpose of this survey is to gather input from the Citizens of Danville regarding the programs and services which the City provides. Your response will help us better understand the needs of the community and guide discussion throughout the process of drafting the City of Danville’s Annual Budget. Please take a moment to complete the survey no later than March 15, 2024. 

*City of Danville Utility Customers will receive a hardcopy of the survey in the mail with utility bills due on March 10th, 2024. You may also request a copy here or by calling 859-238-1200. Surveys should be completed and returned, or submitted online, by March 15, 2024. Only one submission per person. 



FY 24-25 Budget Process

Step 1 - Public Education and Input

  • Budget Survey - complete by March 15, 2024
  • Budget Open House - March 4, 2024 - City Hall - 4:00 pm - 6:00 pm 
    Join us on March 4th to explore City of Danville services, have your questions answered, and share your thoughts on City services and projects.

Step 2 - The City of Danville's Board of Commissioners will hold a series of meetings to analyze and discuss the budget priorities for the 2024-2025 Budget

  • Meeting Schedule - TBA
  • Meetings may cover topics such as: revenue sources, departmental expenditures, compensation, community agencies, and future projects. 

Step 3 - Draft Budget

  • Once operational goals are established, and needs assessed, a draft budget is presented. A draft budget must be presented at least 30 days prior to July 1 (Fiscal Year).

Step 4 - Budget Approval

  • A Budget Ordinance must be adopted and published by July 1. 
  • A Budget Message is presented to summarize fiscal goals which support operational objectives, and to detail any policy changes which may have an impact on the budget. 

KRS 91A.030 sets specific requirements for city governments during the budget process. The City of Danville has produces an Annual Budget based on the follow requirements: 

  • A City must Establish by Ordinance an Annual Budget 
  • The Budget Ordinance is the Approved Appropriations (fund based) 
  • The Annual Budget must be balanced (expenditures must not exceed approved revenue) 
  • A draft budget must be presented at least 30 day prior to July 1 (Fiscal Year) 
  • A Budget Ordinance must be adopted and published by July 1. Once operational goals are established, and needs assessed, a draft budget is presented 
  • A Budget Message is presented to summarize fiscal goals which support opperational objectives, and to detail any policy changes which may have an impact on the budget.

If you have questions regarding the budget process, please contact us

  1. Leigh Compton

    Finance Director


Current: FY 24 Budget (adopted July 2023) - click image to view

FY 24 Budget Snapshot
FY 24 Budget
Youtube Budget Meetings

What is fund accounting? 

It is a method of accounting that allows governments to record and track activity related to specific purposes. This ensures the activity related to specific purposes (Water/Stormwater/Garbage/Parks & Rec, etc) are not co-mingled. In the City of Danville, our funds align with our departments, with the General Fund encompassing multiple general-purpose departments.

Click the tabs below to view a description of the individual funds maintained by the City of Danville.

General Fund:  The City of Danville’s (the City) General Fund accounts for the day-to-day operations of the functions of the City (ie police, fire, 911 services, public services, administration, etc). The revenue within the General Fund consists of several categories: taxes (property  taxes); license and fees (including occupational and net profit taxes, franchise fees, insurance premium taxes, and alcohol permits and tax); penalties and forfeitures; service revenue (services billed by the City including fire protection, 911 services, and park and recreation services); intergovernmental revenue (recurring revenue received from other government agencies); and special purpose revenue (will be received for specific restricted purposes such as loans/bonds).