Fiscal 2018 Adopted Budget

The City Council adopted the budget for Fiscal Year 2018 (FY18) on June 26, 2017. The fiscal budget year begins on July 1 each year. In developing the annual budget, city staff rely upon a variety of planning documents, including the Comprehensive Plan 2030, the five-year Capital Improvement Plan, and the 2015-2018 Strategic Plan. The budget is guided by the principles of maintaining high service levels, responsiveness to the needs of residents and businesses, preserving long-term financial stability through sound fiscal management and economic development, and providing for well-planned capital investment in the community to preserve infrastructure and facilities.

General Fund

The city’s General Fund relies heavily on Intergovernmental Revenues including sales tax (46 percent of revenues) and utility licenses (37 percent of revenues). FY18 General Fund revenues are projected to increase 4.24 percent from FY17. Operating expenditures are projected to increase 4 percent from FY17 to $15,881,258.

Capital Improvement Fund

The proposed budget is based on the five-year Capital Improvement Plan adopted by the City Council on April 13. The half-cent capital improvement sales tax is the major funding source, accounting for approximately $2.1 million in projected FY18 revenues. The city has been successful in obtaining over $387,045 in grant funding for FY18 capital projects. Proposed Capital Improvement Fund expenses include $3,442,638 for projects.

Enterprise Fund

The Enterprise Fund includes operations and maintenance of the golf course and ice arena. Overall, operating revenues are projected to decrease by 7.62 percent to $1,062,760 due to receipt of certain one-time revenues in FY17. Operating expenses for the Enterprise Fund are anticipated to increase by 1.06 percent to $1,062,760. The golf course has seen a steady decrease in rounds of golf played over the last decade—a trend consistent with other golf courses in St. Louis and nationally. The City is in the process of implementing dynamic pricing and sponorship to increase revenues at the Golf Course. In addition, the city maintains reciprocal agreements with the cities of Ballwin and University City municipal courses to increase play and enhance marketing of the golf course, while also offering our residents discounted rates at other courses.

​Police building Fund

In 2016 the citizens of Creve Coeur approved Proposition P which authorized the levying of a property tax to provide funding for the construction of a new faclitiy for the police department and associated improvements at the current government center. This fund will be resonsible for accounting for all revenues and expenditures associated with the construction of the police facility and related improvements of the government center. It is estimated this project will be completed during FY2019. 

Debt Service Fund

This project was funded through the issuance of General Obligation Bonds in April 2017.  These Bonds will be repaid with interest over a twenty-year period with funding provided by an annual levy of Real and Personal Property tax. This fund will account for all revenues and expenditures (interest and principal) related to repayment of the City's outstanding debt.

​fiscal year 2018 adopted budget document

Where Money Comes and Goes
Where the Money Goes