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.
Fiscal Year 2026-2027 Budget Process
Step 1 - Public Education and Input
- Weekly Budget Meetings
- Civic Engagement & Local Government Series - March through July - Sign up here
- Citizens welcome to provide comment to 859-238-1200, in person at City Hall, or by e-mail here
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 2026-2027 Budget
- Tentative Meeting Schedule - subject to changes
All meetings will be held at City Hall - find agendas here prior to the meetingDateTopicTimeWatch March 5, 2026 Kick off Meeting 1:00 p.m. Click Here March 10, 2026 FY 26 Year End Discussion 1:00 p.m. March 24, 2026 Department Presentations 9:00 a.m. March 31, 2026 Revenue Discussion, Draft Operating Budget 1:00 p.m. April 2, 2026 Community Agency Presentations 8:00 a.m. April 14, 2026 Capital Program Discussion, Economic Development 1:00 p.m. April 21, 2026 First Draft Presentation 1:00 p.m. April 28, 2026 Draft Review 9:00 a.m. June 2, 2026 Final Draft Review 1:00 p.m. June 9, 2026 Full Budget Presentation 1:00 p.m. June 16, 2026 First Reading - Budget Ordinance 1:00 p.m. TBD Second Reading - Budget Ordinance TBD - Meeting dates, times, and topics may change. Please follow us on Facebook or check the website regularly for updates.
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
Click here to see the approved FY 25-26 Budget
- 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.
Capital Improvement Projects
Funding for Capital Improvement Projects is planned part of a ten-year strategy called the Capital Improvement Plan (CIP). The CIP defines long-term vision for funding and completing major infrastructure projects like street repairs, utility upgrades, and public facility improvements. The CIP aligns anticipated revenues, such as taxes and grants, with the costs of these investments.
A budget book is a detailed overview of the budget process and approved budget for any fiscal year.
2025-2026 Budget Book
2024-2025 Budget Book
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).
Municipal Aid Fund: The City’s Municipal Aid Fund’s primary function is to provide major road repairs and repaving. Revenues within the Municipal Aid Fund are primarily state funds (gas tax) and interest.
Parks and Recreation Fund: The City’s Parks and Recreation Fund houses operations related to the Parks and Recreation department, programs provided by Parks and Recreation, and maintenance of all City parks. Revenues from the City’s Parks and Recreation Fund are received from operations by Parks and Recreations (program fees, service fees, concessions, sponsorships, and building/shelter rentals), transfers from the General Fund, and support from the Boyle County Fiscal Court.
Utility Fund: The City's Utility Fund houses operations related to the City's municipal water/wastewater system. The Utility Fund consists of two broad categories or revenue - operating, and non-operating. Operating Revenues for the Utility Fund are comprised of various charges for water and sewer services. Non-operating revenue consists of interest, tower rentals, and various third-party funding (grants and loans) for capital projects.
Cemetery Fund: The City’s Cemetery Fund is responsible for the operations and maintenance of City owned cemeteries. Revenue in the Cemetery Fund consists of cemetery lot sales, cemetery job work services, interest (minimal), and annual transfers from the General Fund.
Stormwater Fund: The City’s Stormwater Fund accounts for operations and maintenance of the City’s stormwater infrastructure. Revenues to support the Stormwater Fund are fees paid by water utility customers.
Garbage Fund: The Garbage Fund accounts for garbage service provided to City residents. Revenues are derived from service charges assessed to customers and transfers from the General Fund.
Parking Fund: The City’s Parking Fund accounts for parking activities within the City, including maintenance and operation of the City’s parking garage and rentals of parking spaces in the downtown area. Revenues for the Parking Fund are made up of operating revenues (parking rental fees (garage and lots), parking fines), interest (minimal), and a transfer from the General Fund.