INTERDEPARTMENTAL

About The Interdepartmental Budget

The Interdepartmental budget accounts for expenditures that benefit multiple departments or ones that are not specifically assigned to a Town department. Town contributions to various community organizations that serve Parker residents are included in the Interdepartmental budget. It also includes debt service for the Certificates of Participation issued for the new Police station and PACE Center and contingency funds for unforeseen expenditures.

GENERAL FUND: EXPENDITURES

Department: Interdepartmental

Explanation Of Significant Budget Variances

2023 Adopted Budget vs. 2022 Projected Actual

• The Salary and Benefits budget was added in 2023 to set aside funds for implementation of the anticipated results of the 2023 compensation study across the Town.

• The decrease in the 2022 projection for Contributions/Contingency is due to the full amount of contingency funding not being needed. The 2023 budget assumes full use of the contingency funds.

• Refunding activities for the 2009 Certificates of Participation occurred in the Debt Service category of 2019 expenditures. The following years reflect reduced principal and interest of $1.3 million due to the refunding.